# Rates (Northern Ireland) Order 1977, Paragraph 2

Extent: N.I.

(1) Where a hereditament is distinguished in the NAV list as wholly exempt from rates under that list, its rateable net annual value shall be nil.
(2) Where a hereditament is distinguished in the capital value list as wholly exempt from rates under that list, its rateable capital value shall be nil.

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Source: https://www.legislation.gov.uk/nisi/1977/2157/schedule/7/paragraph/2 (the official version)
Page: https://openlegislation.uk/rates-northern-ireland-order-1977/schedule-7/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.