23Taxable value of home units not valued separately

23 Taxable value of home units not valued separately (1) This section applies if there are 2 or more home units on land. (2) If a home unit is not valued separately as at the relevant date (within the meaning of section 19) in relation to a tax year, the taxable value of the home unit is determined in accordance with the formula— A is the net annual value of the home unit; B is the net annual value of all home units on the land; C is the taxable value of the land. ***net annual value*** has the same meaning as in the **Valuation of Land Act 1960**.