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Article 4 Rateable values

Original text. Later amendments are not shown.

In relation to each class of hereditaments, paragraphs 2 to 2Cf1 of Schedule 6 to the Act shall not apply in any year for which the central list is in force, and its rateable value—

(a)

in the year beginning on 1st April 2000 shall be the amount specified in relation to it in the Schedule; and

(b)

subject to article 7, in any year beginning on or after 1st April 2001 shall be the amount produced in respect of that year by applying the standard formula in relation to that class.

Annotations

Footnotes

f1

Paragraph 2 is amended and paragraphs 2A and 2B inserted by paragraph 38(3) to (11) of Schedule 5 to the Local Government and Housing Act 1989. Paragraph 2C is inserted by section 2 of the Local Government and Rating Act 1997 (c. 29).