SCHEDULES

SCHEDULE 12BASIS OF VALUATION

PART IGENERAL RULE

F1Capital value – the assumptions

Annotations:
Amendments (Textual)
F1

Sch. 12 paras. 7-16 and preceding cross-headings for paras. 7, 8-15, 16 inserted (1.12.2006) by Rates (Amendment) (Northern Ireland) Order 2006 (S.I. 2006/2954 (N.I. 18)), arts. 1(3), 8(2); S.R. 2006/464, art. 2(2), Sch. 2 (with transitional provisions in S.R. 2006/468, art. 3(1), Sch.)

15

1

There has been no relevant contravention of—

a

any statutory provision; or

b

any requirement or obligation, whether arising under a statutory provision, an agreement or otherwise.

2

In sub-paragraph (1) “relevant contravention” means a contravention which would affect the capital value of the hereditament.