# The Non-Domestic Rating (Stud Farms) (England) Order 2009, Note: Explanatory note

Extent: E+W+S

(This note is not part of the Order)
Paragraph 2A of Schedule 6 to the Local Government Finance Act 1988 provides for deductions from the amount which would otherwise be the rateable value of hereditaments comprising buildings used in whole or in part for the breeding and rearing of horses and ponies, or for either purpose, and which are occupied together with agricultural land or buildings (“stud farm hereditaments”). The deduction is to be the smaller of a specified amount and the amount which would otherwise be the rent that a hypothetical tenant would pay for so much of the hereditaments as consist of buildings used for such purposes.
This Order prescribes £4,200 as the specified amount as regards stud farm hereditaments shown in a non-domestic rating list compiled on or after 1st April 2010. That amount is £700 more than the amount specified in the Non-Domestic Rating (Stud Farms) (England) Order 2004 (“the 2004 Order”).
Article 3 revokes the 2004 Order with effect from 1st April 2010 subject to a saving relevant to stud farm hereditaments shown in a non-domestic rating list compiled before that date.

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Source: https://www.legislation.gov.uk/uksi/2009/3177/note (the official version)
Page: https://openlegislation.uk/non-domestic-rating-stud-farms-england-order-2009/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.