# Rates (Industrial Hereditaments) Order (Northern Ireland) 1997, Note: Explanatory note


(This note is not part of the Order.)
Schedule 14 to the Rates (Northern Ireland) Order 1977 provides for the apportionment of the net annual value of a mixed-use hereditament between its use for industrial purposes and its use for other purposes. It further provides that where the overall net annual value of a mixed hereditament does not exceed £300, the hereditament will be treatment as if it were wholly used for industrial purposes. In such a case no apportionment need by carried out.
This Order increases the £300 limit to £1,800. The increase is in line with the average increase in valuations in the non-domestic sector following a revaluation of that sector. A new valuation list comes into effect on the same day as this Order.

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Source: https://www.legislation.gov.uk/nisr/1997/80/note (the official version)
Page: https://openlegislation.uk/rates-industrial-hereditaments-order-northern-ireland-1997/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.