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Statutory Rules of Northern Ireland |
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You are here: BAILII >> Databases >> Statutory Rules of Northern Ireland >> The Rates (Maximum Capital Value) (Amendment) Regulations (Northern Ireland) 2009 No. 77 URL: http://www.bailii.org/nie/legis/num_reg/2009/nisr_20090077_en_1.html |
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Laid before the Assembly in draft
Made
3rd March 2009
Coming into operation
1st April 2009
1.–(1) These Regulations may be cited as the Rates (Maximum Capital Value) (Amendment) Regulations (Northern Ireland) 2009 and shall come into operation on the 1st April 2009.
(2) In these Regulations "the 2007 Regulations" means the Rates (Maximum Capital Value) Regulations (Northern Ireland) 2007(3).
2.–(1) In regulation 2(1) of the 2007 Regulations, for "£500,000" substitute "£400,000".
(2) In regulation 2(3) of the 2007 Regulations, where "£250,000" occurs substitute "£200,000".
(3) In the formula within regulation 2(4) of the 2007 Regulations, where "£250,000" occurs substitute "£200,000".
Sealed with the Official Seal of the Department of Finance and Personnel on 3rd March 2009
(L.S.)
Brian McClure
A senior officer of the Department of Finance and Personnel
(This note is not part of the Regulations)
These Regulations amend the maximum capital value set by the Rates (Maximum Capital Value) Regulations (Northern Ireland) 2007, changing it from £500,000 to £400,000. In the case of certain domestic properties which are distinguished in the capital value list as partly exempt from rates, these Regulations provide for amendments which will allow the maximum capital value to vary between £200,000 and £400,000 depending on the extent of the exemption (regulation 2).
Formerly the Department of Finance; see S.I. 1982/338 (N.1. 6) Article 3 Back [1]
S.I. 1977/2157 (N.I. 28): Article 18 was substituted by Article 6 of the Rates (Amendment) (Northern Ireland) Order 2006 (S.I. 2006/2954 (N.I. 18)) Back [2]