Citation and commencement
1. This Order may be cited as the Valuation (Stud Farms) (Scotland) Order 2005 and shall come into force on 1st April 2005.
Specified amount
2. For the purposes of section 7B of the Valuation and Rating (Scotland) Act 1956 (rateable value of certain buildings used for breeding or rearing horses), the amount specified is £3,500.
Prescribed amount
3. For the purposes of paragraph 4(2B)(c) of Schedule 2 to the Local Government and Rating Act 1997 (discretionary relief) the amount prescribed is £7,000.
Revocation
4. The Valuation (Stud Farms) (Scotland) Order 2003(1) is hereby revoked.
TOM McCABE
A member of the Scottish Executive
St Andrew’s House, Edinburgh
1st March 2005