Non-domestic rates de-rating allowance/discretionary rate relief for stud farms
The rateable value of lands and heritages which comprise or include buildings used
for the breeding and/or rearing of horses and occupied with agricultural land or
agricultural buildings should be ascertained by making a deduction from what would
otherwise be the rateable value. The deduction is made from the value of the whole
property by the local assessor to reflect how much of the property is used as a
stud farm. The maximum amount of the deduction the assessor can make is determined
by the Scottish Ministers by order and currently stands at £3,500.
Additionally, stud farms with a rateable value of £7,000 or less, newly established
on or after 1 April 2003, will be able to qualify for discretionary rate relief.
The Council's policy is to award an additional 25% discretionary relief to complement
the de-rating allowance.