- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
4. The Housing Investment Trusts (Assured Tenancies) Regulations (Northern Ireland) 1996(1) shall be amended as follows—
(a)in Part I of the Schedule—
(i)in paragraph 2—
(aa)in the heading for the words “net annual” substitute “capital”;
(bb)for “net annual value” there shall be substituted “capital value”;
(cc)for “£750” there shall be substituted “£750,000”;
(ii)in paragraph 3, for “two-thirds” there shall be substituted “0.1087 per cent.”.
(b)in Part II of the Schedule—
(i)for part heading “Net Annual Values” there shall be substituted “Capital Values”;
(ii)in paragraph 9(1)—
(aa)for “net annual value” there shall be substituted “capital value”;
(bb)in sub-head (a) for “net annual value”, in both places where it occurs, there shall be substituted “capital value” and for “the valuation list” there shall be substituted “a capital value list”;
(cc)in sub-head (b) for “net annual value” there shall be substituted “capital value”;
(iii)in paragraph 10—
(aa)for “net annual value”, wherever it occurs, there shall be substituted “capital value”;
(bb)for “valuation list” wherever it occurs there shall be substituted “a capital value list”.
(iv)after paragraph 10 insert—
“(11) In these Regulations—
(a)“capital value” means capital value for the purposes of the Rates (Northern Ireland) Order 1977 and shall be construed in accordance with Article 39 of that Order;
(b)“capital value list” has the meaning given by Article 40(1)(b) of the Rates (Northern Ireland) Order 1977.”.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: