Regulation 1 Citation, commencement and interpretationI1

These Regulations may be cited as the Rates (Maximum Capital Value) Regulations (Northern Ireland) 2007 and shall come into operation on 1st April 2007.

In these Regulations—

• “the 1977 Order” means the Rates (Northern Ireland) Order 1977;

• “domestic purposes” and “exempting purposes” have the same meaning as in Article 41^f1 of the 1977 Order;

• “hereditament in the social sector” has the same meaning as in Article 23A^f2 of the 1977 Order;

• “maximum capital value” shall be construed in accordance with regulation 2; and

• “specified hereditament” means a hereditament, other than a hereditament in the social sector, which is included in the capital value list.