# The Rates (Amendment) (Northern Ireland) Order 1996, Article 12: Basis of valuation

Extent: N.I.

In Schedule 12 to the principal Order (basis of valuation)—
(a) in Part I (general rule), after paragraph 4 there shall be inserted—
“
5 Regulations may provide that in applying paragraphs 1 to 4 in relation to a hereditament of a prescribed description, prescribed assumptions (as to the hereditament or otherwise) are to be made.
6 Regulations may—
(a) provide that in arriving at a net annual value under paragraph 1 prescribed principles are to be applied; and
(b) make provision for the preservation of such principles, privileges and provisions for the making of valuations on exceptional principles as apply for the purposes of this Order.”;
(b) in Part III (plant or machinery)—
(i) in paragraph 4 for the words from “paragraph 3” onwards there shall be substituted “this Part”;
(ii) paragraph 6 shall be omitted;
(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

---
Source: https://www.legislation.gov.uk/nisi/1996/3162/article/12 (the official version)
Page: https://openlegislation.uk/rates-amendment-northern-ireland-order-1996/article-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.