# The Rates (Social Sector Value) Regulations (Northern Ireland) 2007, Paragraph 4

Extent: N.I.

(1) Subject to sub-paragraph (2), a hereditament which is distinguished in the capital value list as exempt to any extent from rates.
(2) Sub-paragraph (1) shall not apply where the social sector value of the hereditament would be less than its rateable capital value.

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Source: https://www.legislation.gov.uk/nisr/2007/86/schedule/2/paragraph/4 (the official version)
Page: https://openlegislation.uk/rates-social-sector-value-regulations-northern-ireland-2007/schedule-2/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.