(1) The title of these Regulations is The Non-Domestic Rating (Miscellaneous Provisions) (Amendment) (Wales) Regulations 2008 and they come into force on the 11 December 2008.
(2) These Regulations apply in relation to Wales.
S.I. 2008/2997 (W.)
The Non-Domestic Rating (Miscellaneous Provisions) (Amendment) (Wales) Regulations 2008 (S.I. 2008/2997 (W.))
Paragraph 2 of Schedule 6 to the Local Government Finance Act 1988 (“the 1988 Act”) provides that the rateable value of a non-domestic hereditament is to be ascertained by reference to the rent at which it is estimated the hereditament might reasonably be expected to be let from year to year.
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(1) Regulation 2 of the Non-Domestic Rating (Miscellaneous Provisions) (No 2) Regulations 1989 (Valuation on the contractor’s basis) is amended as follows.
(2) In paragraph (1C) omit the words “or after”.
(3) After paragraph (1C) insert—
(1D) Paragraph (2D) of this regulation applies in relation to a hereditament, shown in a non-domestic rating list compiled on or after 1 April 2010, the rateable value of which is being ascertained using the contractor’s basis of valuation.
(4) After paragraph (2C) insert—
(2D) In applying the provisions of the Act referred to in paragraph (2) of this regulation in circumstances where paragraph (1D) of this regulation applies, the appropriate rate is to be assumed to be—
(a) in the case of a defence hereditament, an educational hereditament, a health care hereditament or a hereditament which is wholly a public convenience 2.97 per cent; and
(b) in any other case 4.5 per cent.
Cite this legislation
- Official citation
- S.I. 2008/2997 (W.)
- Source
- legislation.gov.uk
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- OGL-3 ↗
The Non-Domestic Rating (Miscellaneous Provisions) (Amendment) (Wales) Regulations 2008 (legislation.gov.uk, OGL-3). Retrieved via LawPlayer, https://lawplayer.com/uk/act/wsi-2008-2997
This text is synced from legislation.gov.uk. In case of any discrepancy, the official version prevails.
Contains public sector information licensed under the Open Government Licence v3.0 (legislation.gov.uk).