Regulation 4 Decapitalisation RateF1I1
Northern Ireland
Where, for the purposes of paragraph 1 of Part 1 of Schedule 12 to the 1977 Order, the net annual value of a hereditament is ascertained by reference to the contractor’s principle in circumstance where these Regulations apply, the decapitalisation rate shall be—
(a)
2.67 per cent in the case of a church hereditament, an educational hereditament or a healthcare hereditament; and
(b)
4 per cent in any other case.
Annotations
Textual amendments
- F1
Regulations revoked with savings (14.4.2022) by The Valuation for Rating (Decapitalisation Rate) Regulations (Northern Ireland) 2022 (S.R. 2022/124), regs. 1, 5(1) (with reg. 5(2)(3))
Commencement
- I1
Reg. 4 in operation at 24.2.2015, see reg. 1