Riding schools and livery stables
This publication is intended for Valuation Officers. It may contain links to internal resources that are not available through this version.
1.1 This instruction applies to all riding school and livery stables.
1.2 Livery Stables
A livery stable offers facilities for owners to stable their horses, often offering the following options:
- full livery - the horse is stabled, fed, watered, groomed, mucked out and exercised by the proprietor of the livery yard.
- part livery - the horse is provided with stabling, but the owner might undertake to exercise, groom, or muck out and feed, in any combination.
- stabling only (often referred to as DIY livery) - the horse is stabled, but the owner is responsible for doing everything else.
Additionally, a livery stable proprietor might keep hirelings (horses hired out to clients for hunting or hacking); may offer hay or straw for sale; offer horse transport for hire or may provide schooling or tuition. It is in this latter aspect where the use of a livery stable and that of a riding school begin to overlap. Where there is a mixture of these two functions in large establishments, they are often called “equestrian centres”.
1.3 Riding Schools
A riding school generally hires out horses or ponies on a pay per hour basis typically:
- clients go out together on a ride accompanied by a member of staff
- more experienced riders may go out in groups or alone
- clients receive tuition, either individually or in groups, from a member of staff, either in an indoor school or outdoor arena
List Description: Riding schools & livery stables
Scat Code: 236
Suffix: G
Bulk Class: M
3.1 The Animal & Rural Class Co-ordination Team (CCT) has overall responsibility for the co-ordination of this class. Each Regional Valuation Unit (RVU) has a representative on the team. The team is responsible for the approach to and the accuracy and consistency of riding schools and livery stables.
RVU will be responsible for referencing, gathering facts and valuation.
The Animal & Rural CCT will deliver practice notes describing the valuation basis for revaluation and provide advice as necessary during the life of the rating lists. Caseworkers have a responsibility to:
- follow the advice given at all times – practice notes are mandatory
- not depart from the advice given on appeal or maintenance work without approval from the CCT
- seek advice from the CCT before starting any new work
5.1 Riding establishments, trekking centres, or livery stables offering horses for hire must be licensed to operate under the Animal Welfare (Licensing of Activities Involving Animals) (England) Regulations 2018. Where the operation is restricted to livery only, no license is required.
5.2 Common issues encountered with this class maybe:
- identifying the correct unit of assessment:
- the domestic/ nondomestic borderline
- agricultural exemption
- disabled persons exemption
Taking each one in turn:
5.2 Identification of the “Unit of Assessment”
Increasingly many equestrian establishments and leisure venues are diversifying into a multitude of other uses, often incorporating farm shops, cafes and the like.
Care should be taken in identifying the correct rateable occupier, particularly where facilities are shared between different ventures. For further information on the identification of unit of assessment please refer to Rating Manual section 2, part 2.
5.3 Domestic/ Non-Domestic borderline
Riding schools and/or livery stables occupied together with living accommodation should not be regarded as appurtenances belonging to, or enjoyed with, the living accommodation. They are not domestic premises and should be treated as composite non-domestic hereditaments in the same way that a shop and flat would be. For further information on the domestic/non domestic borderline please refer to Rating Manual section 2, part 5.
5.4 Agricultural Exemption
Buildings
It was confirmed in the appeals of Hemens (VO) v Whitsbury Farm and Stud Ltd (1988 RA277HL) that horses and ponies, other than those used for farming the land or reared for food, are not “livestock” within the definition in Section 1(3) Rating Act 1971, now paragraph 8(5) of Schedule 5 to the Local Government Finance Act 1988 (LGFA ‘88).
This means that loose boxes stabling horses used for riding and ancillary buildings, such as tack rooms, feed stores and such are not “agricultural buildings” and are therefore rateable.
However, there may be parts of the property which are used for an exempt purpose. An example being a hay barn used either to store a hay crop taken from the land occupied by the riding school proprietor, or to store hay solely for livestock which are also kept by the proprietor of the riding school enterprise. Exemption considerations should not be limited to a whole building but also to a separate part of a building that is solely used for an exempt purpose.
If there is property which is used wholly for exempt agricultural purposes at certain times of the year and wholly for non-exempt purposes at other times, provided all the parties are agreeable, there is no objection to valuers agreeing a level of assessment which reflects the proportion of time used for exempt purposes to non-exempt purposes throughout the year, although the technically correct approach must be to alter the list each time the circumstances change.
Land
“Agricultural land” is defined in paragraph 2 of Schedule 5 to LGFA ’88. This definition includes:
“Land used as arable, meadow or pasture ground only.”
However, paragraph 2(2)(d) of Schedule 5 goes on to state that agricultural land does not include:
“Land used mainly or exclusively for purposes of sport or recreation.”
In short, land used only for the grazing of horses should be treated as “agricultural land” within the meaning of paragraph 2(1)(a) of Schedule 5.
There may be varying degrees of use, in addition to grazing, that will not always lead to rateability. Where grazing land is used for the temporary erection of jumps for occasional casual recreational use, this should not affect exemption, but land used primarily or permanently as an outdoor exercise area does not fulfil the definition of use as “arable, meadow or pasture ground only” and will be rateable.
For further information on agricultural exemption please refer to Rating Manual section 2, part 6.
5.5 Disabled Persons exemption
Some riding schools are used in connection with organisations that provide disabled people with access to activities such as riding or carriage driving.
Whilst it is considered that the provision of riding facilities for disabled persons may qualify premises for exemption under provisions of paragraph 16 of Schedule 5 to LGFA ‘88, this will only apply to property used wholly for the exempt purpose. This will require there to be clearly identifiable parts of the hereditament which are wholly used for the exempt purpose.
If property is used for both qualifying and non-qualifying purposes on the same day then such areas will not be exempt.
For further information on disabled persons exemption please refer to Rating Manual section 2, part 6.
6.1 Inspections should be carried out in accordance with the Valuation Office Agency Property Inspector Manual.
6.2 When inspecting a riding school or livery yard, property inspectors should record the location and description of to include the following:
- location
- site - size, shape, and topography
- buildings infrastructure - number and type of stables
- ancillaries – tack rooms, storage, arenas etc
- gallops – length, construction, and surface
- land – agricultural, turn out and domestic boundary
- services - heating energy source and water source
- car parking
- photographs of the main constituent parts of the site.
6.3 An inspection checklist is appended to this section (Appendix 1) and should be completed for all new properties, updated for maintenance work, and stored in the property folder of the Electronic Document Records Management (EDRM) system.
Stabling
It is important to record the number and type available, together with their size and mode of construction. Ancillary facilities will also need to be recorded. These will generally include tack rooms, feed stores, hay and straw barns or other storage areas.
Stables and ancillaries should be measured in accordance with the inspection checklist guidance.
Arenas
Both indoor and outdoor all-weather arenas maybe present. Surfaces are likely to vary, some may be waxed, others a mixture of fibre sand, or pulverised rubber. Drainage is also an important consideration. Details of the type of surface and presence of any artificial lighting should be noted, along with any spectator areas.
Arenas should be measured to GIA.
7.1 Rating surveys should be captured on the Rating Support Application (RSA). Plans and surveys should be stored in the property folder of Electronic Document and Records Management (EDRM).
7.2 Historically, many different sub-location codes have been used to value this type of property across the country. For revaluations 2026 onward, the national sub location of RIDE should be used.
7.3 The common use codes used to record the various stables/boxes that may comprise a riding school or livery yard are outlined in the table below. These should be recorded as units, e.g.,12 stables and not in square metres.
| ACCOMMODATION USE CODE | DESCRIPTION | DEFAULT PERCENTAGE OF MAIN SPACE RATE (see section 8.3-8.6) | REMARKS |
|---|---|---|---|
| LBA | American Barn Stables | 100% | Stables in purpose built or converted barn usually with a centre isle layout. |
| LBT | Timber Stables | 100% | Stables situated outdoors and not in a barn made of timber. |
| LBB | Traditional Brick/Block Stables | 100% | Stables situated outdoors and not in a barn made of brick/block. |
| LBC | Caged Stables | 90% | Stables situated indoors. Older style set up of stables. These are accessed via narrow corridors with more limited light and air flow. Not to be confused with American Barns. |
| LBL | Larger Stables 20m2 + | 110% | Stables that are 20m2 or greater and are not foaling stables. |
| LBP | Pony Stable 10m2 or less | 90% | Stables that are 10m2 or less, commonly used for housing ponies. |
| FOL | Foaling Stable | 110% | Stable used for foaling 20m2+. |
| STA | Stalls | 50% | Area to tie up horses/ponies. Usually has divides either side of some form but no door. |
Only stables or stalls should be captured as an accommodation use code. Everything else should go in ‘other additions.’
The common use codes used to record the various ‘other additions’ are outlined in the table below:
| OTHER ADDITION USE CODE | DESCRIPTION | RECORDED IN |
|---|---|---|
| ARI | Indoor Arena | M2 |
| ARO | Outdoor Arena | M2 |
| ARF | Floodlit outdoor arena | M2 |
| ARG | Outdoor grass arena | ACRES |
| BLD | Residual building | M2 |
| CAF | Cafe | M2 |
| CAR | Caravans (reflected) | M2 |
| CVN | Caravans | M2 |
| CHA | Changing room | M2 |
| CLB | Clubhouse | M2 |
| CNP | Canopy | M2 |
| CNT | Canter way | UNITS |
| CVY | Covering yard | M2 |
| DUT | Dutch barn | M2 |
| DUR | Dutch barn (reflected) | M2 |
| EVI | Additional eventing income | UNITS |
| GLG | Grass Gallops | ACRES |
| GLP | Polytrack all-weather gallops | FURLONGS |
| GLW | Non Polytrack all-weather gallops | FURLONGS |
| HWI | Indoor horse walker | NUMBER OF HORSES WALKER TAKES |
| HWO | Outdoor horse walker | NUMBER OF HORSES WALKER TAKES |
| ITRN | Indoor turn out (loose barn) | M2 |
| JMP | Grass jump paddock | ACRES |
| JUD | Judges box | M2 |
| LFG | Rough surface, fenced land | M2 |
| LFH | Hard surface, fenced land | M2 |
| LFU | Unsurfaced, fenced land | M2 |
| LOG | Rough surface, unfenced land | M2 |
| LOH | Hard surface, unfenced land | M2 |
| LOU | Unsurfaced, unfenced land | M2 |
| LUN | Lunge ring | M2 |
| MES | Staff room/kitchen area | M2 |
| OFR | Office (reflected) | M2 |
| OFF | Office | M2 |
| OWN | Owners room | M2 |
| OUT | Outdoor seating space | M2 |
| PIT | Caravan pitch income | UNITS |
| PKR | Portable building (reflected) | M2 |
| PKN | Portable building | M2 |
| POL | Polo pitch | HECTARES |
| SCR | Storage container (reflected) | UNITS/M2 |
| SCN | Storage container | UNITS/M2 |
| SEA | Water walker | UNITS |
| SHR | Shed (reflected) | M2 |
| SHD | Shed | M2 |
| SHL | Field Shelter | M2 |
| SOL | Solarium | M2 |
| SOV | Shop/retail area | M2 |
| SPC | Spectators stand indoor | M2 |
| SPO | Spectators stand outdoor | M2 |
| STR | Store (reflected) | M2 |
| STO | Store | M2 |
| SWM | Equine swimming pool | UNITS |
| TCR | Tack room (reflected) | M2 |
| TAC | Tack room | M2 |
| TRN | Turn out paddock (not grass) | M2 |
| WDI | Indoor wash down area | M2 |
| WDO | Outdoor was down area | M2 |
| WCB | Toilets | M2 |
| WKR | Workshop reflected | M2 |
| WKS | Workshop | M2 |
| XC1 | Substantial cross-country course | UNITS |
| XC2 | Cross country course | UNITS |
8.1 It is expected that sufficient rental evidence will exist to enable valuations to be carried out on a rental’s basis. The Notice Requesting Statutory Information (Form of Return) for this class of property is typically obtained using VO 6003.
8.2 Analysis of evidence
The analysis of evidence should be on an all-inclusive basis, to reflect tack rooms, food stores, admin offices, rug rooms, maintenance storage and hay barns within box/stable prices. This inclusive basis must be in proportion to the number of stables on site. Where any non-standard features exist, such as disproportionate sized offices or hospitality suites, these must be stripped out.
The two main problems in analysis are the approaches to stripping out or apportioning the rent/value relating to domestic accommodation and areas of land.
Valuers should be aware that stripping out the full rental value of domestic accommodation (if based on other non-composite dwellings within the locality), may not be appropriate.
Where there is land, consideration should be given to stripping this out of the rental value.
It is recommended that advice on analysis and adjustment is sought from the Class Coordination Team where rents include amounts for domestic accommodation or land.
8.3 Stables
Construction and layout of the stables will vary. Traditional boxes will be brick built with a pitched tile roof with an overhang to provide shelter from the weather. Some older styles have what are termed ‘caged boxes’ where a run of boxes and a ‘corridor’ are within the structure of the building providing full protection from the elements but often at the expense of access difficulties. A modern version of this is the ‘American barn’ arrangement where typically a large ‘at cost’ type barn will be divided up by block partitions to have boxes running the length of both of the longest walls with back-to-back boxes down the middle of the barn.
These barns will often be open ended to provide the proper ventilation necessary to prevent the spreading of infections.
8.4 There may need to be an addition of up to 25% on ‘average/ standard’ stables to reflect additional quality/size benefits. It would be expected that the maximum 25% addition would be appropriate for those stables which have additional outdoor pens attached to them.
8.5 Similarly, a discount from the ‘average / standard’ rate may be justified where the stabling provides a particularly low standard of accommodation compared with the average. For example, smaller pony stables or stalls.
8.6 Outdoor timber stables will not be discounted simply because of their construction. However, a discount from the standard rate maybe applicable for quality reasons following an exercise of valuer judgement.
8.7 Ancillaries
8.8 Tack rooms, hay/bedding stores, rug rooms, yard maintenance stores and admin offices should all be shown in the valuation. These items will be considered as being reflected in the box/stable value, and shown as a nil value, but only in proportion to the number of stables on site.
8.9 Other ancillaries that maybe on site include horse walkers, indoor and outdoor arenas and spectator areas, which should be added to the valuation.
8.10 CCTV or other security systems installed for monitoring the health and well-being of the horses as well as for security protection should be valued. Valuation guidance from the CCT should be referred to where this is the case.
8.11 Claims arising for discount due to damage or flooding of arenas should be considered under the normal repair principles.
8.12 Additional Income
8.13 An addition to reflect revenue received from other unrelated sources such as regular events or other functions maybe appropriate. This figure will be a percentage of the additional income generated by significant activities hosted on site. Revenue from ‘one off’ events or where other uses have no prospect of continuance should be disregarded. Where a ‘hybrid’ method is used to add additional income to the valuation, valuations should still be entered on the Rating Support Application (RSA). Any additional rateable value attributable to major events should be shown in ‘other additions’ under the code EVI. A full record of how this sum has been calculated must be shown in RSA “remarks”.
8.14 Relativities
Relativities may require tuning to reflect individual circumstances following the exercise of valuer judgement.
Rating Support Application (RSA)
Survaid
Valuation Panel 1 (VP1) animal & rural class co-ordination team (CCT) members
SharePoint guidance for G class suffix
Please remember that horses can be unpredictable and sometimes dangerous animals, so always have Health & Safety considerations in mind. These include:
- Wear safety footwear and appropriate clothing.
- Do not enter a stable or loose box occupied by a horse.
- Do not enter an arena or indoor school without making sure it is safe to do so.
- Do not use laser measuring devices near people and animals.
BEFORE LEAVING THE OFFICE
- Print out from VMS a site plan, showing buildings and surrounding fields.
- Always run an internet search on the address or name of the site for up-to-date information and what you may expect to find.
- Download any useful information relating to the property off the internet.
- Ensure that your scheduler is up to date and shows your itinerary.
ON SITE
a) Identifying the hereditament
Using the site plan that was prepared in the office before the inspection:
- Mark the boundaries of the whole hereditament - include any domestic and agricultural elements.
- Identify and mark up on the plan any domestic occupation within the hereditament - these will be subject to Council Tax and will need to be banded.
- Identify and mark up on the plan any parts that will qualify for agricultural exemption - identify field by field, building by building.
The remainder may be subject to non-domestic rates (NDR)
b) Photographs
Whilst on site take plenty of photographs for evidential purposes and to minimise the risk of needing to re-inspect. These should include:
- Each of the dwellings, buildings, arenas, facilities, and yards.
- General views, showing the relationships between the buildings and other elements and their proximity to each other, e.g. views from stable door to arena or domestic property, and vice versa.
- Any physical boundaries and their juxtaposition with buildings.
c) Use
Identify the main equestrian uses of the property.
- Private stables. See Domestic Checklist (Appendix 1.1)
- Livery Yard
- Riding School
- Competition Yard / Equestrian Events / Shows
- Stud Farm. See Stud Checklist (Appendix 1.2)
- Racing Stables. See Racing Stable Checklist (Appendix 1.3)
- Dealer’s Yard
- Trekking / Hacking Centre
- Riding for the Disabled. See RFTD Checklist (Appendix 1.4)
- Agricultural Horses (often Shire horses) used on land. See Agricultural Checklist (Appendix 1.5)
There may also be other uses, e.g., shop; club; self-catering holiday units; caravan storage; kennels & catteries; machinery storage; agricultural engineer’s workshop, etc. These may be ancillary to the equestrian use, or part of another enterprise, and perhaps rateable occupation, altogether.
INSPECTING
EQUESTRIAN PROPERTIES
INSPECTION CHECKLIST
Inspections should be carried out in accordance with the Valuation Office Agency Property Inspector Manual.
Measure to GIA and remember to inspect the hereditament.
| Occupier/ Name of establishment | |
| Address including postcode | |
| Planning Restrictions | |
| Location Rural/ Edge of town/ central. Any restrictions on access, difficulties in manoeuvring a horse box Hacking out - Is there access to bridleways or open country, or problems with main roads? Good out riding will add value to the stables. Does an affluent residential or holiday hinterland feed in clients? |
|
| Site - size, shape and topography (identify any potentially exempt areas on site plan) | |
| Competition Is there competition from similar businesses in the locality? If so, record addresses, and approximate distance away |
|
| Car Parking Provision of car parking The value is reflected but we need details to check that it is sufficient: - Dimensions - Note surface - Is it adequate for visitors attending events? - Is there adequate space for ‘resident’ horseboxes? Is there ample lorry parking [and turning area] for those attending competitions or to allow for out-riding. |
|
| Services - heating energy source, water source Fire Precautions Security CCTV |
|
| What is the tenure of the property? Owner occupied, managed, or rented (if rented obtain details of the tenancy on-site, and follow up by sending an FOR when back in the office) |
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| Rental information - What buildings are included? What are tenants’ improvements? Obtained signed copy of lease. Date of commencement of this level of rent. Incentives Amount of land included (is amount of rent for this part alone known?) Any domestic accommodation included (is amount of rent for this part alone known?) Contact details |
|
| Ext. Photographs Stables, land, domestic boundary, outdoor facilities e.g., gallop, horse walker, pool | |
| Internal photographs Tack rooms, offices, hospitality suites, storage, indoor stables, and facilities etc |
| Accommodation | Code | Basis Of Measurement | Description |
| Indoor Arena | ARI | GIA of whole building M2 | A building housing a riding area, at least 20m by 40m (minimum dressage size). Usually, portal framed construction under asbestos or profiled metal sheet roof. Some are converted agricultural buildings. Record: - The surface (wax coated, fibre mix, dry sand, and rubber, or other), and presence of a watering system - Look out for spectator stands and / or judges’ stand/boxes – see later - Floodlighting - PA System - Mirrors - Sprinklers - Collecting Ring - Kick boarding |
| Outdoor riding arena / manège | ARO | M2 | An enclosed outdoor riding area, commonly either 20m x 40m or 20m x 60m. Considerable groundwork will have been carried out including extensive drainage and surface material to provide an all-weather surface suitable for purpose. Do not confuse with a jump paddock or turn out - see later. Record: - The surface material (wax coated, fibre mix, dry sand and rubber, shredded plastic, grass or other). Does it have drainage, and does it appear well maintained or rough / waterlogged - Look out for spectator stands, and / or judges’ stand/boxes – see later - PA System |
| Outdoor riding arena / manège | ARF | M2 | As ARO but with floodlighting |
| Grass outdoor arena | ARG | ACRES | An outdoor riding arena that is grass rather than an all-weather surface. Do not confuse with a jump paddock or turn out - see later. Note if floodlit. |
| Residual buildings | BLD | M2 | Buildings housing indoor horse walkers, treadmills, and swimming pools. Do not take area of facility it houses out. |
| Cafe | CAF | M2 | Building used a café/refreshment area. Note quality of finish. |
| Canter way | CNT | Units e.g., x1 Canter way | A track typically 4m wide and 300m at least in length, circular or oval in shape, may be covered with an overhead roof or structure to provide shade or shelter, or may be open. Record the surface material, and whether watering system. |
| Caravan | CAR or CVN | M2 | Caravan that is not used as a sole/main residence. Maybe used a temporary overnight accommodation, office, storage, changing area. Note its use. Not to be confused with caravan pitches used for holidays or self-catering holiday accommodation. |
| Covering Yard | CVY | M2 | An area where mating takes place. |
| Dutch Barn | DUT or DUR | M2 | Common on many farms, relatively cheap to construct, and designed to allow ventilation whilst giving protection from the rain. It is usually open on all sides and used for the storage of hay or straw. |
| Eventing income | EVI | Receipts | Additional eventing income for regular substantial events on site. Request 3 years receipts for this income only. |
| Store | STO or STR | M2 | This includes a broad spectrum, from small stores in traditionally constructed buildings, to fully enclosed purpose-built structures. Sometimes stables have been created in part of the barn [it may be referred to as an American barn], and the remainder is a general utility area, perhaps with a secure tack room or feed store created. In these circumstances record the number of loose boxes and calculate the total area GIA of the remainder. Building used for offices, storage, tack room etc. Note use and quality of finish. |
| Gallops – 8 furlongs = 1 Mile, 1 Furlong = Approx. 220 yards/200 metres. Record if grass or all weather. | |||
| Grass Gallops | GLG | Acres | Despite appearances, considerable effort and time (upwards of 8 years!) goes into creating a gallop. The best gallops are uphill or have uphill sections. Grass gallops may be sown with moss to a density not found in the average meadow to provide a safe area underfoot on which it is safe to gallop a thoroughbred racehorse without injury. |
| All weather gallops – non Polytrack | GLW | Furlongs | All weather gallops can be used in all year round and are less affected by bad weather. Note surface e.g., sand, woodchip, and construction. |
| All weather gallops – Polytrack | GLP | Furlongs | As above, but with a Polytrack surface. |
| Outdoor horse walker | HWO | Number of horses walker takes | A structure that exercises several horses at once. The horse walks around a central pivot powered by an electric motor. They are of differing sizes and have different bases, concrete or earth and they may be open or enclosed. The base and fencing and any surrounding structure are rateable, whereas the electric motor and turning frame are not rateable. |
| Indoor horse walker | HWI | Number of horses walker takes | If indoor please measure the building it is housed in – do not take out area of the walker. |
| Indoor turn out (loose barn) | ITRN | M2 | Barn area used for turnout of horses. Do not confuse with stables or indoor arena. |
| Indoor spectators stand | SPC | GIA M2 | Usually found in indoor arenas, providing a viewing area for spectators to watch events, competition etc. |
| Outdoor spectators stand | SPO | GEA of base M2 | As described above but found near outdoor arenas. |
| Cross country course | XC1 | - Record length (in miles) | |
| - Number & types of jumps. | Not to be confused with ‘hacking out’. This will be an area of land forming a course of basic jumps, such as logs and portable equine fences. Obtain receipts for the course if possible. |
||
| Substantial cross-country course | XC2 | - Record length (in miles) - Number & types of jumps. |
As described above, but generally larger with more substantial and permanent obstacles, such as water jumps. Obtain receipts for the course if possible. |
| Equine swimming pool | SWM | Units e.g., x1 pool | Various types, either indoor or outdoor: - Simple underwater treadmill, no more than 10m long including ramps at either end. More substantial pool comprising an “O” shaped pool where a horse can swim around in a circular motion. If indoor please measure the building it is housed in – do not take out area of the pool. |
| Lunge Ring | LUN | M2 | An area similar to an outdoor arena but used for exercising horses on a lunge rein. Note the surface and whether ring is floodlit. |
| Grass jumping paddocks | JMP | ACRES | Fields used primarily for jumping or other horse exercise, so not exempt as agricultural land. Basically, grass fields, or maybe an area fenced off from a larger field. Do not confuse with: outdoor arenas, non-grass turn out areas or fields fenced to create smaller enclosures for horses to graze -these are likely exempt as agricultural land. |
| Field Shelter | SHL | GEA M2 | Provides shelter for horses in fields. Typically, timber construction and lower specification to looseboxes. Part open sided. |
| Judges box | JUD | M2 | Area for judging events competitions. Frequently sited near indoor and outdoor arenas. |
| Staff room/kitchen area | MES | M2 | Area used as staff room/mess/kitchen area. Note quality of finish. |
| Office | OFF or OFR | M2 | Area used for administration of site. Note quality of finish. Not to be confused with owners’ suites/hospitality areas. |
| Owners Suite | OWN | M2 | Area used for hospitality and visiting owners. Note quality of finish. Not to be confused with offices for admin purposes. |
| Outdoor seating space | OUT | M2 | Area used for outdoor refreshments. Likely with tables and seating. Not to be confused with more modest outdoor spectator areas. |
| Caravan pitch income | PIT | Receipts | Area used for caravan pitches (holiday income). Not to be confused with caravans for other purposes. |
| Portable building | PKN or PKR | M2 | Building used for offices, storage, tack room etc. Note use and quality of finish. |
| Polo pitch | POL | HECTARES | Grass area used for playing/practicing polo. Note quality, drainage, high goal or low goal. |
| Storage container | SCN, SCR or SCL | Units e.g., x1 container and M2 | Storage container. Maybe used for storage, retail, office, tack etc. Note use, number of containers and size of each container. |
| Water walker | SEA | Units e.g., x1 water walker | Cross between an equine swimming pool and a horse walker. The horse walks around a central pivot but the structure is filled with water. If indoor please measure the building it is housed in – do not take out area of the water walker. |
| Shed | SHD or SHR | M2 | Wooden building used for offices, storage, tack room etc. Note use and quality of finish. |
| Solarium | SOL | M2 | Area with a heat lamp for warming up/drying off of horses. |
| Tack room | TAC or TCR | M2 | Area for secure storage of tack – saddles, bridles etc. |
| Turn out paddock (not grass) | TRN | M2 | Fenced paddock area for turnout of horses. These will not be grass but maybe woodchip, sand, or rough soil areas. Not to be confused with jump paddocks or outdoor arenas. Note surface. |
| Indoor wash down area/bays | WDI | M2 | Indoor area used to wash down horses Note quality of finish. |
| Outdoor wash down area/bays | WDO | M2 | As above but outdoors. |
| Toilet block | WCB | M2 | Building used as toilet block. |
| Workshop | WKR/WKS | M2 | Building used as works shop area/farriers bay/forge etc. Note use and quality of finish. |
| Stables: Record number and different types of stable / foaling boxes. The average size of a stable is 13m2 / foaling box 20m2, so measure any that might be below 10m2 or above 20m2 |
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| American barn stabling | LBA | Number of stables | Stables in purpose built or converted barn usually with a centre isle layout. Note quality and any stables above 20m2 or below 10m2. |
| Timber stabling | LBT | Number of stables | Stables situated outdoors and not in a barn made of timber. Note quality and any stables above 20m2 or below 10m2. |
| Traditional/brick/block stabling | LBB | Number of stables | Stables situated outdoors and not in a barn made of brick/block. Note quality and any stables above 20m2 or below 10m2. |
| Caged stabling | LBC | Number of stables | Stables situated indoors. Older style set up of stables. These are accessed via narrow corridors with more limited light and air flow. Note quality and any stables above 20m2 or below 10m2. |
| Larger stables | LBL | Number of stables | Stables that are 20m2 or greater and are not foaling stables. Note quality. |
| Smaller/pony stables | LBP | Number of stables | Stables that are 10m2 or less, commonly used for housing ponies. Note quality. |
| Stalls | STA | Number of stalls | Area to tie up horses/ponies. Usually has divides either side of some form but no door. Note quality. |
| Foaling stables | FOL | Number of stables | Stable used for foaling 20m2+. Note quality. |
| General Remarks: | |||
| Date of Survey: | Survey By: |
APPENDIX 1.1 Domestic Checklist
| Where does the occupier of the property live? | - Within the same curtilage? - Adjacent to the site? - Across a public highway? - Away from the property altogether? |
| Are there any other dwellings on site? | - If yes, please show the positions of the dwelling(s) and their curtilage(s) on the plan and note who lives there. |
| Ownership of horses | - How many horses does the occupier own for private use or for use by family who also live permanently on site? If necessary, ask to see horse passports to corroborate info. |
| What are the horses used for? | - Leisure use by the occupier (or family). This would include amateur competition use, hacking, hunting, etc. - Is there a business, e.g., riding school, livery? - Is the occupier a semi-professional / professional rider, e.g., a showjumper, event rider, polo-player, etc. |
| What Planning Permissions / Restrictions are there? | - Make full notes, or if possible, obtain a copy of the planning permission |
APPENDIX 1.2 Stud Checklist
Stud buildings are rateable, but in certain limited circumstances some relief from rate payment is available (see LGFA 1988 Schedule 6).
Broadly, this relief will only apply to stables, foaling boxes, stallion boxes, and covering yards or any other buildings used for breeding or rearing horses and/or ponies, where:
(a) The stud operations are part of an otherwise exempt working farm, and
(b) The stud buildings are occupied together with over 2 hectares of land which is used predominantly as exempt agricultural land other than for the pasturage of horses or ponies.
Generally, the key element for the operation of a stud farm is the availability of paddocks, not the stabling. Mares and foals will, except in bad weather, spend all day in the paddocks in the spring and be out at night as well in the summer and autumn. A stallion may spend more time in its stable.
| Are any buildings used for the breeding or rearing of horses or ponies? Stud relief will only apply to the buildings directly related to the stud use, such as the appropriate number of stables or loose boxes, foaling boxes and stallion boxes |
- Identify each building used for the breeding or rearing of horses or ponies on the site plan - Get a general overview of this business e.g. - Do they own any stallions, or do they use AI? - Do they own any mares, or are they brought on site for covering? - Up to what age do they rear the foals? |
| Are the buildings which are used for the breeding or rearing of horses or ponies also occupied with any agricultural land or agricultural buildings | - Identify on the site plan any agricultural land, i.e., land used for arable, meadow or pasture ground only, or agricultural buildings - Is this agricultural land used for grazing horses or ponies? If so, is it also used for any other agricultural purposes as well? |
| What is the nature of the agricultural enterprise? | - e.g., dairy, fattening cattle, sheep, pigs, poultry, arable. If farming is taking place refer to the inspection checklist for agricultural exemptions. |
| Does the occupier have any British Horse Society approval? | - If necessary, ask to see the BHS certificate, which will certify a certain stated use, e.g., stud farm, riding school, or livery stables. |
| Are there any Planning Permissions or Restrictions? | - Make full notes, or obtain a copy of the planning permission |
| Items to look out for during inspection | - Covering Yard - Foaling boxes / Extra-large loose boxes >20m2 - Hospitality areas / bars for entertaining owners |
APPENDIX 1.3 Racing Yard Checklist
Trainers of racehorses vary from those with a permit to train a few horses for themselves and immediate family to fully licensed trainers who may have over 200 horses in training on behalf of many owners. In all cases they must satisfy the Jockey Club’s strict requirements that they are suitably qualified to train racehorses and that their premises, known as a Yard, meet the standards expected for the proper care of racehorses. There is a requirement for the trainer or one of his staff to be resident on site or very close to it at all times. Without a licence or permit, a trainer is unable to enter horses for races on any racecourse.
| Are there any Planning Permissions / Restrictions? | - Make full notes, or obtain a copy of the planning permission |
| Is there also an agricultural enterprise? | - e.g., dairy, fattening cattle, sheep, pigs, poultry, arable. If farming is taking place refer to the inspection checklist for agricultural exemptions. |
| Items to look out for during inspection | - Canter ways, grass and / or all-weather gallops, horse walkers, indoor and / or outdoor swimming pools, solariums, lunge rings, hospitality areas / bars for entertaining owners - The following should be fully referenced but are reflected in proportion to number of stables on site. Tack rooms, feed rooms and hay barns, small office used by trainer. - Is there any domestic accommodation, and is it in CT list? |
APPENDIX 1.4 Riding for the Disabled Checklist
Disabled exemption is a complex area of rating. Section 2, part 6 of the Rating Manual should be referred to when queries of this nature arise.
| Consider the extent of the premises utilised for Disabled Riding: Are the premises ‘wholly’ used for the qualifying exempt purpose |
- Identify the loose boxes and other areas used for this purpose (for example stores for specialised equipment etc). Obtain full details - Note the days and times when disabled riding takes place – what occurs at other times? - Note whether any other activity takes place on part or the whole of the premises - Note the Buildings used for non-qualifying purposes. |
| Do all the persons have a physical or mental impairment that has a ‘substantial’ and ‘long-term’ negative effect on the ability to do normal daily activities. | Consider sending a request for information for clarification of the impairments suffered who are using that part of the premises – a specialist form of return is attached to the relevant exemptions Rating Manual section. |
| Who owns the horses and ponies: Are the horses and ponies used only for RDA or are they used also for other uses. |
- Obtain full details – Check Horse/Pony Passports - Identify which looseboxes are kept specifically for horses used for disabled riding - Are the horses and ponies wholly used for this purpose - Note any horses kept for non-qualifying purposes including total number used for each purpose. |
| Does the occupier have any British Horse Society approval? | If necessary, ask to see the BHS certificate, which will certify a certain stated use, e.g., stud farm, riding school, or livery stables. |
| Are there any Planning Permissions / Restrictions? | Make full notes or obtain a copy of the planning permission. |
| Identify how the horses are used | - Are they used for training or for occupational use – make full notes as to use - If they are used entirely for recreational purposes – is this in respect of persons over the age of 18? |
| Technical Guidance | Should any queries arise following the inspection advice should be obtained from the relevant CCT Equine Specialist or the relevant technical advisor. |
APPENDIX 1.5 Agricultural Checklist
| Are any fields used for grazing horses? Are any fields used for riding horses, exercising horses, horse jumps etc? |
- Identify each field on the plan. - Is the field ever used for any other purpose? There may be varying degrees of use in addition to grazing use that will not always lead to rateability. Grazing land used for the temporary erection of jumps for occasional casual recreational use will be exempt. Land used for permanent jumps or as a permanent outdoor exercise area will not fulfil the definition of use as ‘arable, meadow or pasture ground only’ and will be rateable |
| What is the nature of any agricultural business? | - e.g., dairy, fattening cattle, sheep, pigs, poultry, arable. |
| Are any fields used for the agricultural business? | - Identify on the plan the current use of each field |
| Are any buildings occupied together with agricultural land and used solely in connection with agricultural operations on the land | - Identify on the plan the current use of each building - A hay barn will qualify for agricultural exemption if it is used either: - to store a hay crop taken from the land occupied by the equestrian proprietor (NB a hay barn will be rateable if it is used to store hay to feed the horses), or - to store hay solely for livestock (other than horses) which are also kept by the occupier. |
| Are any buildings used for keeping or breeding of livestock (excluding horses, ponies etc) | - What livestock is kept in the buildings - Is the building contiguous to 2 or more hectares of agricultural land |
| Are any of the fields or buildings that are used for the equestrian uses ever used for the agricultural business? | - Obtain full details, e.g., what kind of agricultural use, how often, when? |
| Are the fields or buildings used for agricultural also put to equestrian use? | - Obtain full details e.g., what kind of agricultural use, how often, when? |
| Does the occupier have any British Horse Society approval? | - If necessary, ask to see the BHS certificate, which will certify a certain stated use, e.g., stud farm, riding school, or livery stables. |
| Are there any Planning Permissions / Restrictions? | - Make full notes, or obtain a copy of the planning permission |
| Is there any other business activity? | - Please take full details, as these will be rateable. |
1. Market Appraisal
1.1 Since the last Antecedent Valuation Date (AVD), there has been a marked decline in the number of regular riders. This impact is less acute amongst the horse owning fraternity, where whilst figures for horse ownership are down, the numbers riding remains at a constant level. It therefore follows that facilities hiring out horses for hacking, such as riding schools have been hit the hardest. To mitigate this impact, many riding schools have shifted towards offering stables for livery services, as this is considered more financially viable. Loss of access to a horse, combined with expense are cited as the main reasons for giving up the pastime
1.2 Research shows that riders in the South East, South West and Wales make up approximately half of all regular riders across the entire country. The Midlands, North East and North West have reported significant falls in rider numbers with London showing the steepest decline.
1.3 Statistics reveal that riding for pleasure, non-affiliated competitions and riding lessons have remained relatively static since the last AVD although in recent years have clearly been impacted by Covid restrictions.
1.4 In addition to rider numbers declining, the market demand for recreational horses has reduced, impacting on average prices paid. Generally, owners are now keeping horses longer, with a notable increase in numbers being kept outside all year. The average cost of horse ownership has increased from £3,105 per annum at the last AVD to current levels of around £3,600
1.5 Riding schools in particular face challenges, with increased insurance premiums and staffing costs; set against an environment where increased fees would deter customers. The recent Animal Welfare (Licensing of Activities Involving Animals) (England) Regulations 2018 impacts on riding schools. In that from 01 Oct 2018, all commercial operations hiring out horses for tuition or recreation must provide isolation boxes for recently acquired or sick animals. In effect, this means either the utilization of existing stables (where layout/ capacity allows) or incurred erection costs for new structures.
1.6 It should be noted, yards used solely for livery are not governed by the above legislation, as the horses are privately owned – not belonging to the commercial operation.
2. Changes since the last practice note
2.1 There are no significant changes in approach, although to aid consistency across the network and comparison with other equine classes, a decision has been made to reflect certain ‘other additions’ within box prices. Namely ancillary buildings to the stabling such as tack rooms, feed stores and mess rooms. Facilities such as indoor arenas, horse walkers and surfaced exercise areas will continue to be shown as separate items within summary valuations. Where rents include an amount for such items, analysis of box prices may show a modest pro rata increase, this will however not impact on rateable values. Any increases on 2017 Rating List levels will be restricted to locations where it can be proven rental levels have risen.
3. Ratepayer discussions
3.1 Discussions have been held with the British Horse Society.
4. Valuation Scheme
4.1 There is no agreed scheme for this class as box values are determined by prevailing rental levels within any locality. It is acknowledged that in some regions, rental evidence may be limited or require such significant adjustment to hold little weight. It is therefore vital that analysis and adjustment be been undertaken by the Class Coordination Team.
4.2 To ensure consistency, advice should be sought from the Class Coordination Team on appropriate deductions to be made when stripping out domestic accommodation for the purposes of rental analysis. Information should be sought on any planning restrictions, the type/ style of dwelling and its proximity to the equine facilities in question.
4.3 For analysis purposes, land rental values should be adopted within the range of £150 to £460 per acre. Regard should be had to local demand, size and quality (for example sloping site/ suitability for grazing). Conversely for valuation purposes, where such land is used as grazing/ pasture, it will be treated as exempt under Schedule 5 of the Local Government Finance Act 1988
4.4 National tables for ‘other additions’ not reflected within box prices, have been devised to ensure consistency. Values are based on replacement costs, then amortised to produce an annual equivalent. It is acknowledged however that in limited circumstances further adjustment may be required to reflect quality and other specific factors.
4.5 Class Coordination Team members should be approached when dealing with both Check, Challenge & Appeal and maintenance work on this class.
1. Market Appraisal
The economic downturn has had an adverse impacted on horse ownership and riding for pleasure within the UK. Approximately 19% less individuals now participate in the sport than in 2006, with the main reason given for the decline being expense.
It is still an extremely popular pastime however with approximately 900,000 horses owned by 451,000 private individuals in Britain. In addition, a further 88,000 horses are owned by the professional sector. It is now estimated that direct expenditure for the care and upkeep of horses stands nationally at £2.8 billion, or an average equivalent of £3,105 per horse/ per annum.
The range and quality of facilities is extremely diverse, from large scale competition/ training venues, to modest livery operations offering occasional lessons.
The market for ‘county level’ eventing centres, often forming part of pony club affiliated competition circuits remains strong. Such facilities continue to attract significant investment and demand for competition places often outweighs supply. Conversely, the smaller rural operations where transport links are poor do not seem to be thriving to the same extent.
It should be noted that profitability is often not the primary motivator with equine operations. Many individuals use revenue from livery or riding lessons to fund their own hobby or interest, or are simply involved to fuel their passion for horses. The high overheads associated with running equine establishments, particularly in relation to third party insurance premiums is increasing onerous and many of the less popular stables are now struggling to remain commercially viable.
The rental value of stable hereditaments is influenced by a number of factors including:-
- location
- layout, nature and character of loose boxes
- facilities – manege, lunge rings, horse walkers, gallops
- turn-out paddocks and land
- strong hinterland of users
- good Out riding – bridleways, common land etc
- space of transporters/horse trailers
2. Changes since the last Practice note
There are no significant changes in approach, although to aid consistency across the network, advice on analysis and adjustment is reemphasised within Section 4 of this practice note.
3. Ratepayer discussions
No discussions have been held with the industry.
4. Valuation scheme
There is no agreed scheme for this class.
The purpose of this practice note is to provide costing information and other valuation material appropriate for this class of property in respect of the R2017 Revaluation. This PN should be read in conjunction with the main section.
For analysis purposes, land rental values should be adopted within the range of £120 to £200 per acre. Regard should be had to local demand, size and quality (for example sloping site/ suitability for grazing).
Other additions should be valued in accordance with the ‘2017 Cost Guide’. The resultant cost should then be amortised at 4.4% for England and 3.8% in Wales, as interim measure until the higher decapitalistion rate for 2017 is known.
When stripping out residential accommodation for analysis purposes, it is incorrect to deduct the full ‘open market value’ of comparable dwellings. An adjustment is required to reflect that rent paid on the domestic part will be lower as it forms part of a larger commercial operation. Moreover, any comparable residential rent will not be arrived at on the same basis ie residential lettings require the landlord to carry out external and internal repairs, regular inspection of electrical and gas installations and higher landlord’s insurance costs.
In the absence of better evidence a judgement needs to be made on the facts of the amount to be deducted from the residential element, to reflect any disadvantage of being sited within a commercial operation, for example a 50% deduction may be appropriate. This should reflect these matters together with any planning restrictions in place or noise/ disruption from the adjacent commercial activity.
It is acknowledged that in some locations rental evidence may be limited or require significant adjustment for this class. To ensure a consistent approach across the network, analysis and adjustment has been undertaken by the Class Coordination Team.
The Unit CCT member should be approached when dealing with both maintenance and settlement of this class.
1. Co-Ordination Arrangements
Riding Schools & Livery Stables are a Group co-ordination class and, as such, responsibility for ensuring that the appropriate co-ordination takes place lies with individual Groups. As rental evidence for this class may be sparse or difficult to gauge, it is important that Groups co-ordinate across boundaries, using fully the procedures described in Rating Manual Section 6 - Part 1 and Practice Note 1 - Revaluation 2010.
The Special Category Code 236 should be used. As a Group Class the appropriate suffix letter should be G
2. Valuation approach
2.1 Loose boxes
The first step when establishing a local valuation scheme is to determine a rateable value for a standard loose box as part of a riding school or livery stables. This will vary, depending on location, the degree of competition and the demand for such facilities in a particular area. It is derived from an analysis of the available rental evidence.
When analysing rents, adjustments should be made to reflect factors relevant to the particular hereditament, such as the age and quality of the buildings, availability of services, availability of exercise paddocks, access, planning restrictions on use, etc.
Typically, a standard loose box will have a floor area of approximately 13.5m2, an internal height of at least 2.7m and be of brick or block construction and have adequate drainage and ventilation. Loose boxes within the range 10m2 to 20m2 should be valued at the same price per box, additions/allowances being made for boxes outside this range.
Loose boxes either open directly onto an external yard or may be arranged to open onto an internal corridor. The latter arrangement can be found in older stable buildings where stalls have been converted into loose boxes or where loose boxes have been provided within a former agricultural building. These are sometimes called caged boxes.
Many new, purpose-built, stables also follow this arrangement and are sometimes referred to as American barns. Such buildings should be valued on a price per loose box basis, rather than by applying a price per m2 to the gross area of the building.
2.2 Ancillary Buildings
Generally, these should be valued on a price per m2 basis. However, when inspection reveals that tack rooms or other storage areas are clearly akin to a standard loose box, then the overall loose box price can be adopted. Again following inspection, allowances for poor quality and/or quantum may be appropriate in some cases.
It must be borne in mind that the primary use of this category of property is the stabling of horses and that excessive ancillary facilities may not add to the income generating potential of the premises and hence would not be reflected in the hypothetical tenant’s rental bid. An example would be stables operating from former agricultural buildings, which may include an overabundance of barns or other storage buildings within the farmstead. Judgement must be used to ensure that the value applied to ancillary facilities is not disproportionate to the value of the stables. Similarly, care should be taken where there are an unusually small number of boxes with an indoor school as this might indicate minimal use of the schooling facility.
For the analysis of rents, the following pricings may typically be adopted [subject to local evidence]:
- purpose-built tack room: - in the range £10/m2 - £20/m2 [depending on size and quality]
- hay barn: - £ 3/m2- £7.50/m2 [depending on construction and size]
- purpose built offices, up to: - £10/m2 - £20/m2 [less if a converted stable]
- loft Storage - de minimis
- indoor / Outdoor Arenas - Check not tenant’s improvement [see para 2.3 for detail]
2.3 Outdoor and Indoor arenas
The useable area of an arena used for riding [which may also be referred to as an indoor or outdoor school, as appropriate, or a manège – the latter being often misspelt as menage or ménage] should be a minimum size of 20m x 40m. However, some arenas may not conform to this standard, especially where there are site constraints or an agricultural building has been converted to provide an indoor school. Larger establishments may have arenas in multiples of the standard size or provide separate warm up areas. These varying factors should be reflected in the value applied.
Whilst there may be some superficial similarities between some indoor arenas and industrial or warehouse buildings, the differences are such (eg planning permission, quality, finish, floors or insulation, in addition to location, access, etc.) that industrial or warehouse scales are not appropriate when valuing this type of property.
For the average indoor school a typical value is likely, in most cases, to be in the £4 - £6/m2 range – but be aware that this can vary, depending on the quality of the facilities [see later].
A standard size outdoor arenas should usually be valued within the range of 75p - £1.50/m2, taking the standard 800m2 at £1 /m2 as a norm. Flooding lighting substantially increases the availability of an outdoor arena for use and 25% should be added to these pricings to reflect this.
Typically, a 40m x 20m is likely to cost in the region of £25,000 to build, although this can vary significantly depending on the riding surface used.
There are three basic all-weather surfaces:
- Wax-coated - which provides a more sympathetic surface for the horse all year round.
Total cost £33650, plus VAT 2. Fibre mix - unlike a wax-coated product, it tends not to perform as well in colder weather.
Total cost £25200, plus VAT 3. Dry sand and rubber - this requires regular maintenance and can ride deep in dry weather.
Total cost £19500, plus VAT
NB All costs are as at 1 April 2008, the R2010 AVD.
The construction and drainage, riding surface used and associated ancillary features, such as lighting and the provision of kick boards [fixed to the perimeter to the arena to protect rider, horse and building] are all factors that should be taken into account within this range of values.
Arenas that are of a non standard size should be treated on their own merit, bearing in mind that these will probably be of limited use and wholly unsuitable for competitions or advanced level teaching. Conversely, where the arena is purpose-built to competition standard (with spectator galleries, commentary box etc.), then a higher price per m2 may be appropriate. The accounts may be helpful when considering the potential income generating capacity from competitions and equine demonstrations. This will be particularly so where regular events are held which attract large numbers of the public. Valuers will need to be aware of the interface with regional and national arenas [such as Hickstead] and liaise with the specialist within the SRU dealing with this class.
If a Valuer is satisfied that the size of the arena is excessive in relation to the use of the whole property and/or of poor quality [as may be the case where the arena is a converted agricultural building or where the level of demand is such that the value of the indoor area is disproportionate to main use of the hereditament as livery stables], then a suitable value judgement will need to be made. In this regard, co-ordination within an individual Group and between Groups will be particularly important. Again, the accounts of the occupier, or a consideration of the livery charges relative to other local establishments, may be helpful in determining the income earning potential of the indoor arena in such circumstances, but bear in mind the advice contained in paragraph 5 of the main Section regarding the use of accounts in the valuation process for this class.
It may well be that the value of an indoor school is greater for a riding school than for a livery yard. However, bearing in mind that both users are in the same planning use class, vacant and to let this differential may prove difficult to establish and justify in rateable value terms for any particular property.
2.4 Other ancillaries
Hard Surfaced Yards
Valuers should make further adjustments considered necessary to reflect concrete [or similar hard surface] yards where these are clearly in excess of the normal surface finish expected and where they are satisfied this could be reflected in any rental bid.
Parking
Parking or other facilities should be dealt with similarly. A consideration of the accounts, or any charges made for storage of lorries, trailers, etc, should provide clarification on whether an addition should be made in the valuation for this facility.
Usually, more general parking and the provision of toilets will be reflected in the basic pricing applied to the buildings.
Paddocks
Where rateable, an appropriate price per acre should be adopted in accordance with local office values.
For the analysis of rents, the following pricings may typically be adopted:
- As an average, say £100/acre per annum.
- However the full range could well be £75-£200/acre per annum.
2.5 General
The figures referred to above are for general guidance only and are subject to comparable evidence, information on market rents, individual circumstances and other relevant valuation criteria.
[The contents of this practice note have been shared with the British Horse Society and the Association of British Riding Schools, together with their respective rating advisers.]