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CHARITIES ACT (NORTHERN IRELAND) 1964 - SECT 32 

Value of property for purposes of Act.

32.(1) In determining the value of any property for the purposes of this Act

(a)the value of any land shall be taken to be the net annual value of the land
multiplied by [twelve];

(b)the value of any periodical payment charged on or issuing out of land shall
be taken to be the aggregate annual amount of the payment multiplied by
[eight];

(2) The Ministry may by order made subject to affirmative resolution
substitute multiples other than eighty and fifteen for those specified in
subsection (1)(a) and (b).

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© 1964 Crown Copyright

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