IHTA84/S115 (4) provides that, for the purposes of agricultural relief, agriculture may be taken to include the breeding and rearing of horses on a stud farm and the grazing of horses in connection with those activities, and any buildings used in connection with those activities may be regarded as farm buildings.
•One difficulty is that there is no definition in the Act of what constitutes a stud farm, but it is considered that an essential requirement is for an element of horse breeding carried on in a systematic manner, with proper record keeping.
You should usually decide whether a stud farm qualifies for agricultural relief by looking at
•the information on the file,
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