13AMeaning of average unimproved value

13A Meaning of average unimproved value (1) In this Act: average unimproved value, of a parcel of land for a particular year, means the following: (a) if the parcel has not been rateable previously—the unimproved value of the parcel; (b) if the particular year is before 1 July 2020 and the parcel has been rateable for less than 3 years—the average unimproved value of the parcel over those years; (c) if the particular year is before 1 July 2020 and the parcel has been rateable for 3 years or more—the average unimproved value of the parcel over the 3 years immediately before the particular year; (d) if the particular year is 1 July 2020 to 30 June 2021 and the parcel has been rateable for less than 4 years—the average unimproved value of the parcel over those years; (e) if the particular year is 1 July 2020 to 30 June 2021 and the parcel has been rateable for 4 years or more—the average unimproved value of the parcel over the 4 years immediately before the particular year; (f) if the particular year is 1 July 2021 to 30 June 2022, or a later year, and the parcel has been rateable for less than 5 years—the average unimproved value of the parcel over those years;

(g) if the particular year is 1 July 2021 to 30 June 2022, or a later year, and the parcel has been rateable for 5 years or more—the average unimproved value of the parcel over the 5 years immediately before the particular year. (2) For this section, if a parcel of land is subject to a redetermination under section 11B (Redetermination—chargeable variation of nominal rent lease), the parcel is taken not to have been rateable before the date of the redetermination. (3) To remove any doubt, the period for which a parcel of land has been rateable is not affected by the grant of a further lease of the parcel of land under the Planning Act 2023, section 289. Example—s (3) The lease of a parcel of land (the old lease) for a term of 99 years expired on