Regulation 2 Valuation on the contractor’s basis

Regulation 2 of the Non-Domestic Rating (Miscellaneous Provisions) (No. 2) Regulations 1989^f1 is amended as follows.

In paragraph (1B), omit the words “or after”.

After paragraph (1B), insert—

“(1C)

Paragraph (2C) of this regulation applies in relation to a hereditament, shown in a non-domestic rating list compiled on or after 1st April 2005, the rateable value of which is being ascertained using the contractor’s basis of valuation.”

After paragraph (2B), insert—

“(2C)

In applying the provisions of the Act referred to in paragraph (2) of this regulation in circumstances where paragraph (1C) of this regulation applies, the appropriate rate shall be assumed to be—

(a)

in the case of a defence hereditament, an educational hereditament or a healthcare hereditament, 3.33 per cent.; and

(b)

in any other case, 5 per cent..”.