This section has no associated Explanatory Notes
3(1)Section 66 (rate of ten-yearly charge) is amended as follows.
(2)In subsection (4)—
(a)omit paragraph (b) and the “and” following it,
(b)in paragraph (c), before “property” insert “relevant”, and
(c)at the end of paragraph (c) insert—
“(d)the value of any same-day addition; and
(e)where—
(i)an increase in the value of the property comprised in another settlement is represented by the value of a same-day addition aggregated under paragraph (d) above, and
(ii)that other settlement is not a related settlement,
the value immediately after that other settlement commenced of the relevant property then comprised in that other settlement;”.
(3)In subsection (6)(a), for “paragraphs (b) and (c)” substitute “paragraphs (c) to (e)”.