Housing Investment Trusts (Assured Tenancies) Regulations (Northern Ireland) 1996

Part II Net Annual Values

9.—(1) The net annual value of a dwelling-house at any time shall be ascertained for the purposes of paragraph 2 as follows:—

(a) if the dwelling-house is a hereditament for which a net annual value is then shown in the valuation list, it shall be that net annual value;

(b) if the dwelling-house forms part only of such a hereditament or consists of or forms part of more than one such hereditament, its net annual value shall be taken to be such value as is found by a proper apportionment or aggregation of any value or values so shown.

(2) Any question arising under this paragraph as to the proper apportionment or aggregation of any value or values shall be determined by the Commissioner of Valuation for Northern Ireland.

10.  Where, after the time at which the net annual value of a dwelling-house is material for the purposes of any provision of paragraph 2, the valuation list is altered so as to vary the net annual value of the hereditament of which the dwelling-house consists (in whole or in part) or forms part and the alteration has effect from that time or from an earlier time, the net annual value of the dwelling-house at the material time shall be ascertained as if the value shown in the valuation list at the material time had been the value shown in the list as altered.