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PART IILANDS AND HERITAGES ON ROLL ON 1ST APRIL 2007

Notional liability

8.  The notional liability in respect of any lands and heritages to which this Part applies for any day shall be calculated in accordance with the formula–

where–

  • RV is the rateable value for those lands and heritages on that day; and

  • PF is the poundage figure of 0.441.