SCHEDULES

SCHEDULE 6 Non-Domestic Rating: Valuation

C1C2F12A

1

This paragraph applies to any hereditament the whole or any part of which consists in buildings which are—

a

used for the breeding and rearing of horses or ponies or for either of those purposes; and

b

are occupied together with any agricultural land or agricultural building.

2

The rateable value of any hereditament to which this paragraph applies shall be taken to be the amount determined under paragraph 2 above less whichever is the smaller of the following amounts—

a

such amount as the Secretary of State may by order specify for the purposes of this paragraph; and

b

the amount which but for this paragraph would be determined under paragraph 2 above in respect of so much of the hereditaments as consists of buildings so used and occupied.

3

In this paragraph—

  • “agricultural land” means any land of more than two hectares which is agricultural land within the meaning of paragraph 2 of Schedule 5 above and is not land used exclusively for the pasturing of horses or ponies; and

  • “agricultural building” shall be construed in accordance with paragraphs 3 to 7 of that Schedule.