The Rates (Capital Values, etc.) (Northern Ireland) Order 2006

This section has no associated Explanatory Memorandum

1.  For the purposes of Part II of this Order the capital value of a hereditament shall be the amount which, on the assumptions mentioned in paragraphs 3 to 9, the hereditament might reasonably have been expected to realise if it had been sold on the open market by a willing seller on 1st January 2005.N.I.