Explanatory note
(This note is not part of the Regulations)
The Rates (Small Business Hereditament Relief) Regulations (Northern Ireland) 2010 (“the 2010 Regulations”) provide for rate relief for certain small business hereditaments for any rating year ending before 1st April 2015. These Regulations amend the 2010 Regulations by providing that—
where the net annual value of a qualifying hereditament is between £5,001 and £10,000, the rates payable are reduced by 20 per cent.; and
there shall be no relief where more than three business hereditaments are occupied by a person occupying a qualifying hereditament (or by a person occupying a qualifying hereditament and persons connected with such a person).
A “qualifying hereditament” is defined in the 2010 Regulations as a business hereditament which is wholly occupied, is not an excepted hereditament (as defined therein) and which is not used (in whole or in part) as a post office.