PART I
Interpretation
1In this Schedule—
(a)" relevant financial year," in relation to any house, means the financial year preceding that in which the house was completed ;
(b)references in relation to a local authority to the product of a rate of a specified sum are references to the product of a rate of that sum in the pound for the district of the local authority for the relevant financial year, and section 9(1) of the [1963 c. 12.] Local Government (Financial Provisions) (Scotland) Act 1963 shall apply for the purpose of calculating that product.