Article 2 Transitional relief
Subject to Article 4, the amount of the sum which would be chargeable in respect of a capital value district rate in respect of a hereditament which, but for the coming into operation of section 1 of the Local Government (Boundaries) Act (Northern Ireland) 2008f1, would have been in a former district specified in column 1 of Schedule 1 and which, on or after 1st April 2015, is in a district specified in column 2 of that Schedule, shall be reduced—
in the year ending on 31st March 2016, by 80% of the amount attributable to the part of the capital value district rate specified in the corresponding entry in column 3 of that Schedule;
in the year ending on 31st March 2017, by 60% of the amount mentioned in paragraph (a);
in the year ending on 31st March 2018, by 40% of the amount mentioned in paragraph (a); and
in the year ending 31st March 2019, by 20% of the amount mentioned in paragraph (a).