# The Valuation for Rating (Decapitalisation Rate) Regulations (Northern Ireland) 2015, Regulation 4: Decapitalisation Rate

Extent: N.I.

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.

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Source: https://www.legislation.gov.uk/nisr/2015/32/regulation/4 (the official version)
Page: https://openlegislation.uk/valuation-for-rating-decapitalisation-rate-regulations-northern-ireland-2015/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.