Explanatory note

Section 7B of the Valuation and Rating (Scotland) Act 1956 (c. 60), as inserted by paragraph 4 of Schedule 6 to the Local Government and Housing Act 1989 (c. 42), makes provision for the reduction of 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. The rateable value of those lands and heritages is to be ascertained by making a deduction from what would otherwise be their rateable value. The amount of the deduction is either such amount as is specified by the Secretary of State by order or the amount which would otherwise be the rateable value of those buildings, whichever is the smaller.

This Order specifies the amount for this purpose as £2,500.

Section 7B of the 1956 Act was brought into force by article 3 of and Schedule 1 to the Local Government and Housing Act 1989 (Commencement No. 1) Order 1989 (SI 1989/2180) on 1st December 1989 but only for the purposes of and in relation to the financial year 1990-91 and each subsequent financial year.