{
  "url": "https://openlegislation.uk/valuation-for-rating-decapitalisation-rate-regulations-northern-ireland-2015",
  "json_url": "https://openlegislation.uk/valuation-for-rating-decapitalisation-rate-regulations-northern-ireland-2015.json",
  "id": "nisr/2015/32",
  "title": "The Valuation for Rating (Decapitalisation Rate) Regulations (Northern Ireland) 2015",
  "short_title": "Valuation for Rating (Decapitalisation Rate) 2015",
  "long_title": "These Regulations prescribe the decapitalisation rate to be applied when determining the net annual value of any hereditament by reference to the contractor’s principle for the purposes of any NAV list coming into force on or after 1st April 2015. The contractor’s principle is the method of ascertaining the net annual value of a hereditament by reference to its actual or notional cost of construction or provision or to its capital value.",
  "citation": "S.R. 2015/32",
  "type": "nisr",
  "year": "2015",
  "number": "32",
  "version": "current",
  "date": "2015-02-02",
  "revised": true,
  "valid_from": "2022-04-14",
  "extent": "N.I.",
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/valuation-for-rating-decapitalisation-rate-regulations-northern-ireland-2015/introduction",
      "extent": "N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/1",
      "kind": "regulation",
      "number": "1",
      "heading": "Citation and commencement",
      "url": "https://openlegislation.uk/valuation-for-rating-decapitalisation-rate-regulations-northern-ireland-2015/regulation-1",
      "extent": "N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/2",
      "kind": "regulation",
      "number": "2",
      "heading": "Interpretation",
      "url": "https://openlegislation.uk/valuation-for-rating-decapitalisation-rate-regulations-northern-ireland-2015/regulation-2",
      "extent": "N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/3",
      "kind": "regulation",
      "number": "3",
      "heading": "Application of Regulations",
      "url": "https://openlegislation.uk/valuation-for-rating-decapitalisation-rate-regulations-northern-ireland-2015/regulation-3",
      "extent": "N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/4",
      "kind": "regulation",
      "number": "4",
      "heading": "Decapitalisation Rate",
      "url": "https://openlegislation.uk/valuation-for-rating-decapitalisation-rate-regulations-northern-ireland-2015/regulation-4",
      "extent": "N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/5",
      "kind": "regulation",
      "number": "5",
      "heading": "Revocation and saving",
      "url": "https://openlegislation.uk/valuation-for-rating-decapitalisation-rate-regulations-northern-ireland-2015/regulation-5",
      "extent": "N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/valuation-for-rating-decapitalisation-rate-regulations-northern-ireland-2015/signature",
      "extent": "N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "note",
      "kind": "note",
      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/valuation-for-rating-decapitalisation-rate-regulations-northern-ireland-2015/note",
      "extent": "N.I.",
      "status": null,
      "parent": null
    }
  ],
  "has_text": true,
  "pdfs": [
    {
      "title": "Printed copy",
      "main": true,
      "language": null,
      "date": "2015-02-05",
      "size": 169604,
      "url": "https://openlegislation.uk/valuation-for-rating-decapitalisation-rate-regulations-northern-ireland-2015/pdf/nisr_20150032_en.pdf",
      "source_url": "https://www.legislation.gov.uk/nisr/2015/32/pdfs/nisr_20150032_en.pdf"
    },
    {
      "title": "Explanatory Memorandum",
      "main": false,
      "language": null,
      "date": "2015-02-05",
      "size": 16423,
      "url": "https://openlegislation.uk/valuation-for-rating-decapitalisation-rate-regulations-northern-ireland-2015/pdf/nisrem_20150032_en.pdf",
      "source_url": "https://www.legislation.gov.uk/nisr/2015/32/pdfs/nisrem_20150032_en.pdf"
    }
  ],
  "outstanding_effects": [],
  "made_under": [
    {
      "id": "nisi/1977/2157",
      "title": "Rates (Northern Ireland) Order 1977",
      "url": "https://openlegislation.uk/rates-northern-ireland-order-1977",
      "provisions": [
        "schedule/12/paragraph/5",
        "schedule/12/paragraph/6"
      ]
    }
  ],
  "changes_made_to": 6,
  "changes_made_to_url": "https://openlegislation.uk/valuation-for-rating-decapitalisation-rate-regulations-northern-ireland-2015/changes.json",
  "changes_made_by": 6,
  "changes_made_by_url": "https://openlegislation.uk/valuation-for-rating-decapitalisation-rate-regulations-northern-ireland-2015/changes/by-it.json",
  "instruments_made_under": 0,
  "instruments_made_under_url": "https://openlegislation.uk/valuation-for-rating-decapitalisation-rate-regulations-northern-ireland-2015/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisr/2015/32",
    "retrieved_at": "2026-10-29T01:04:07.220261+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."
}