{
  "url": "https://openlegislation.uk/valuation-for-rating-decapitalisation-rate-regulations-northern-ireland-2015/regulation-4",
  "json_url": "https://openlegislation.uk/valuation-for-rating-decapitalisation-rate-regulations-northern-ireland-2015/regulation-4.json",
  "legislation": "nisr/2015/32",
  "legislation_title": "The Valuation for Rating (Decapitalisation Rate) Regulations (Northern Ireland) 2015",
  "legislation_url": "https://openlegislation.uk/valuation-for-rating-decapitalisation-rate-regulations-northern-ireland-2015",
  "path": "regulation/4",
  "kind": "regulation",
  "number": "4",
  "heading": "Decapitalisation Rate",
  "text": "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—\n(a) 2.67 per cent in the case of a church hereditament, an educational hereditament or a healthcare hereditament; and\n(b) 4 per cent in any other case.",
  "extent": "N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "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))"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 4 in operation at 24.2.2015, see reg. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisr/2015/32/regulation/4",
    "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."
}