Article 31C Temporary reduction of rates for specified hereditamentsF1

Northern Ireland

(1)

Regulations may provide that the amount which, apart from the regulations, would be payable on account of a rate in respect of the net annual value of a specified hereditament for a specified year shall be reduced by a specified percentage F2or a specified amount if—

(a)

the net annual value of the hereditament does not F3exceed such other specified amount; and

(b)

specified conditions are satisfied.

(2)

In this Article—

“specified” means specified in regulations;
“specified hereditament” means a hereditament which falls within a specified class;
“specified percentage” includes a hundred per cent.

(3)

Regulations may contain such provision as the Department considers necessary or expedient for the purposes of this Article.

Annotations

Textual amendments

F1: Art. 31C substituted (14.12.2009) by Rates (Amendment) Act (Northern Ireland) 2009 (c. 8), ss. 1, 19; S.R. 2009/375, art. 2(2), Sch. 2
F2: Words in art. 31C(1) inserted (29.4.2014) by Financial Provisions Act (Northern Ireland) 2014 (c. 6), ss. 7(a), 13(1)
F3: Words in art. 31C(1)(a) substituted (29.4.2014) by Financial Provisions Act (Northern Ireland) 2014 (c. 6), ss. 7(b), 13(1)

Notes on the whole Order

Textual amendments

F1: functions transf. SR 1999/481