{
  "url": "https://openlegislation.uk/rates-transitional-provisions-order-northern-ireland-2007/article-3",
  "json_url": "https://openlegislation.uk/rates-transitional-provisions-order-northern-ireland-2007/article-3.json",
  "legislation": "nisr/2007/191",
  "legislation_title": "The Rates (Transitional Provisions) Order (Northern Ireland) 2007",
  "legislation_url": "https://openlegislation.uk/rates-transitional-provisions-order-northern-ireland-2007",
  "path": "article/3",
  "kind": "article",
  "number": "3",
  "heading": "Transitional net annual value",
  "text": "The transitional net annual value of a specified hereditament shall be determined in accordance with the formula—\nA×B=Cwhere—\nA is the net annual value of the hereditament which is shown immediately before the coming into operation of this Order in the valuation list then in force;\nB is the conversion factor for the district in which the hereditament is situated as set out in the Schedule; and\nC is the transitional net annual value.",
  "extent": "N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Art. 3 in operation at 1.4.2007, see art. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisr/2007/191/article/3",
    "retrieved_at": "2026-10-29T01:41:23.169984+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}