F1Sch. 12 Pt. IV (paras. 1-5) repealed (prosp.) by Rates (Amendment) Act (Northern Ireland) 2009 (c. 8), ss. 8(3)(e), 18, 19(1), Sch. 2
2.—(1) Subject to the provisions of this Part, every railway hereditament shall be entered in a new [F2NAV list] at the net annual value, and according to the other particulars, appearing in the last preceding [F2NAV list].N.I.
(2) In making a valuation of a railway hereditament for the purposes of a new [F2NAV list], the Commissioner or the district valuer may make such changes in the net annual value or other particulars as may be necessary in order to complete any revision of the [F2NAV list] arising from the extension or diminution of the railway hereditament.
F2Words in Sch. 12 Pt. IV para. 2 substituted (1.4.2007) by Rates (Amendment) (Northern Ireland) Order 2006 (S.I. 2006/2954 (N.I. 18)), arts. 1(3), 39, Sch. 2 para. 48(5); S.R. 2006/464, art. 2(4)