14. (1) Section 25 of the Act of 2001 shall, during the period commencing on the date of the passing of this Act and ending on F1[31 December 2026], apply F1[in relation to a rating authority area] as if, in subsection (2), the reference to 10 years were a reference to F1[16 years].

(2) In this section—

“Act of 2001” means the Valuation Act 2001;

“rating authority area” has the meaning assigned to it by the Act of 2001.