Explanatory Memorandum to Rates (Amendment) (Northern Ireland) Order 2006 Explanatory Memorandum

Article 18: Transitional rate relief

31.This Article provides for transitional relief to be awarded where the net annual value or capital value of a hereditament differs from the values in a previous valuation list or no such value existed. It enables the amount of rates due and also differences in values to come into operation over such periods and in such proportions as may be determined by the Department.

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