PART IV

LANDS AND HERITAGES WITH RATEABLE VALUE OF £10,000 OR LESS

Amount payable as rates
17
1
This regulation applies to lands and heritages on a day in the relevant year when–
a
they have a rateable value of £10,000 or less; and
b
they are not lands and heritages–
i
to which Part II or III above applies; or
ii
which have their rateable value prescribed in an order made under section 6 of the 1975 Act.
2
The amount payable as rates in respect of lands and heritages and a day on which this regulation applies to them shall, subject to Part V below, be calculated in accordance with the formula–
(RV × 0.448)/365
where–
- RV is the rateable value of those lands and heritages on that day.