Citation and commencement

1.  This Order may be cited as the Rates (Consequential Provisions) Order (Northern Ireland) 2007 and shall come into operation on 1st April 2007.

Amendment of statutory provisions

2.—(1) The amendments specified in Schedule 1 (amendment to primary legislation) shall have effect.

(2) The amendments specified in Schedule 2 (amendment to subordinate legislation) shall have effect.

Article 2(1)

SCHEDULE 1 Amendments to primary legislation

PART 1

1.  In section 2(2) of the New Universities (Acquisition of Land) Act (Northern Ireland) 1966(3) (contributions towards expenditure under section 1)—

(a) after “net annual value” there shall be inserted “and the capital value”;

(b) after “total net annual value” there shall be inserted “and the total capital value”;

(c) after subsection (2) insert—

“(3) For the purposes of this section—

(a) “capital value” means capital value for the purposes of the Rates (Northern Ireland) Order 1977 and shall be construed in accordance with Article 39 of that Order; and

(b) “net annual value” means net annual value for the purposes of the Rates (Northern Ireland) Order 1977 and shall be construed in accordance with Articles 39 and 39A of that Order.”

PART 2

2.  In section 33 of the Leasehold (Enlargement and Extension) Act (Northern Ireland) 1971(4) (interpretation)—

(a) in the appropriate place insert—

““capital value” means capital value for the purposes of the Rates (Northern Ireland) Order 1977 and shall be construed in accordance with Article 39 of that Order;”;

““capital value list” has the meaning given by Article 40(1)(b) of the Rates (Northern Ireland) Order 1977;”;

(b) in the definition of “ground rent”—

(i) in sub-paragraph (a)—

(aa) for “one tenth of the net annual value” there shall be substituted “0.01265 per cent. of the capital value”;

(bb) for “is a specified hereditament” there shall be substituted “appears in a NAV list”;

(ii) in sub-paragraph (b)—

(aa) for “one quarter of the net annual value” there shall be substituted “0.04065 of the capital value”;

(bb) for “is a specified hereditament” there shall be substituted “appears in a NAV list”;

(iii) after sub-paragraph (b)—

(aa) for ““specified hereditament” there shall be substituted ““NAV list”“;

(bb) for “39A(3)” there shall be substituted “40(1)(a)”.

PART 3

3.  Section 115 of the Local Government Act (Northern Ireland) 1972(5) (expenditure for special purposes) shall be amended as follows—

(a) in subsection (2)—

(i) in paragraph (a)—

(aa) after “hereditaments” insert “in a NAV list”;

(bb) omit “which are specified hereditaments as defined by Article 39A(3) of the Rates (Northern Ireland) Order 1977”;

(ii) in paragraph (b)—

(aa) for “0.5p” substitute “0.00082p”;

(bb) after “rateable” insert “capital”;

(cc) omit “other”;

(dd) after “hereditaments” insert “in a capital value list”

(b) in subsection (2A) for “0.5p” substitute “0.00082p”

(c) after paragraph (5) insert—

“(6) For the purposes of this section—

(a) “capital value” means capital value for the purposes of the Rates (Northern Ireland) Order 1977 and shall be construed in accordance with Article 39 of that Order;

(b) “NAV list” has the meaning given by Article 40(1)(a) of the Rates (Northern Ireland) Order 1977.”.