Article 10 Rateable values in 1990/1

The relevant maximum amount in respect of a class of hereditaments is the amount produced by calculating in accordance with the formula—

$$\genfrac{}{}{0.1ex}{}{\mathrm{1.2A}}{\mathrm{M}}$$

and the relevant minimum amount in respect of a class of hereditaments is the amount produced by calculating in accordance with the formula—

$$\genfrac{}{}{0.1ex}{}{\mathrm{0.895A}}{\mathrm{M}}$$

where

• A is the amount specified in relation to that class in column 2 of the Schedule, and

• M is the non-domestic rating multiplier applicable to that class in pursuance of paragraph 2 of Schedule 7 to the Act.