The Valuation (Stud Farms) (Scotland) Order 1989
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.