The value uplift of land is determined in accordance with the formula—
where—
CIV1 has the meaning given in—
(a) section 12(a) for rateable land and non‑rateable leviable land; and
(b) section 13(1)(a) for non-rateable non‑leviable land;
CIV2 has the meaning given in—
(a) section 12(b) for rateable land and non‑rateable leviable land; and
(b) section 13(1)(b) for non-rateable non‑leviable land;
VU is the value uplift of the land.