4 Amount payable as rates – lands and heritages with rateable value more than £51,000
1 This regulation applies to lands and heritages on any day in the relevant year when they have a rateable value exceeding £51,000.
2 The relevant year for the purposes of this regulation is the financial year 2019-2020.
3 The additional amount payable as rates under these Regulations in respect of lands and heritages for a day in the relevant year on which this regulation applies to them is to be calculated in accordance with the formula—
AARP=(RV×S)D
Where—
AARP is the additional amount of rates payable,
RV is the rateable value of the lands and heritages on that day,
S is the additional factor of 0.026, and
D is the number of days in the relevant year.
4 No additional amount is payable under paragraph (3) for—
(a) a day on which relief under regulation 7 of the Non-Domestic Rates (Transitional Relief) (Scotland) Regulations 2017 has effect in respect of the lands and heritages in question, or
S.S.I. 2017/85 is amended by S.S.I. 2018/76.
(b) a day on which—
(i) regulation 10 of the Non-Domestic Rates (Relief for New and Improved Properties) (Scotland) Regulations 2019 grants relief in respect of the lands and heritages in question, and
S.S.I. 2019/40.
(ii) the rateable value of those lands and heritages, minus the reference amount within the meaning of paragraph (2)(b) of that regulation, does not exceed £51,000.