Regulation 5 Calculation of the amount of T for unoccupied hereditaments in a local list

The amount of T prescribed for the purposes of section 45(4D) of the Act is the amount calculated in accordance with the formula—

$$1-\frac{CRV}{RV}$$

where—

• CRV is the proportion of the rateable value shown for the hereditament in a local list that is certified by the appropriate valuation officer in accordance with paragraph (3); and

• RV is the rateable value shown for the hereditament in the local list for the day.

Where, in relation to a hereditament, the condition in regulation 3(1) is satisfied, the appropriate valuation officer must certify the proportion of the rateable value shown for the hereditament in a local list which appears to that officer to be attributable—