PART IIIVALUATION

Valuations

Time by reference to which, and basis on which, valuations to be made for F1new NAV listF239A

1

Any net annual value to be ascribed to F3any hereditament in a F4new NAV list coming into force on 1st April in any year shall be ascertained by reference to such earlier time as the Department may by order subject to negative resolution specify, but on the assumption that at the time specified in the order the F8matters mentioned in paragraph (1A) were as at the time when the list comes into force.

F71A

The matters referred to in paragraph (1) are—

a

matters affecting the physical state or physical enjoyment of the hereditament;

b

the mode or category of occupation of the hereditament;

c

matters affecting the physical state of the locality in which the hereditament is situated; and

d

the use or occupation of other premises situated in the locality of the hereditament.

2

F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4

F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .