[F11. Except as provided to the contrary in this Schedule—N.I.
(a)the rateable net annual value of any hereditament shall be its net annual value (if any); and
(b)the rateable capital value of any hereditament shall be its capital value (if any).]
F1Sch. 7 para. 1 substituted (1.12.2006) by Rates (Amendment) (Northern Ireland) Order 2006 (S.I. 2006/2954 (N.I. 18)), arts. 1(3), 5(2); S.R. 2006/464, art. 2(2) Sch. 2 (with transitional provisions in S.R. 2006/468, art. 3(1), Sch.)