PART 2Telecommunications infrastructure relief
Calculation of the amount of T for unoccupied hereditaments in a local list
5.—(1) The amount of T prescribed for the purposes of section 45(4D) of the Act is the amount calculated in accordance with the formula—
where—
CRV is the proportion of the rateable value shown for the hereditament in a local list that is certified by the appropriate valuation officer in accordance with paragraph (3); and
RV is the rateable value shown for the hereditament in the local list for the day.
(2) Where, in relation to a hereditament, the condition in regulation 3(1) is satisfied, the appropriate valuation officer must certify the proportion of the rateable value shown for the hereditament in a local list which appears to that officer to be attributable—
(a)to new fibre;
(b)any plant and machinery intended to be used in connection with new fibre; and
(c)the proportion of the hereditament which is exclusively occupied by (a) or (b).