Our Specialist Sectors
Equine & Bloodstock

The bloodstock and equine industry can be complex and our team of specialists provide bloodstock and equine taxation and accounting services to clients that operate in this industry including trainers, breeders, racehorse owners, stud farms, livery yards, eventers, competition yards and other equine related businesses.

Agricultural & Business Property Relief

Ensuring Agricultural and Business Property Relief can be claimed on various and relevant aspects of the equine business to help minimise inheritance tax liabilities.

Commerciality of Equine Businesses

HM Revenue and Customs are conscious that there can be an element of personal enjoyment and private use with some equine businesses. We can help and support you in evidencing that your business is run commercially and with a view to profit whilst ensuring that any private enjoyment is correctly represented. If a business is not run commercially then this can affect trading loss reliefs and other taxes. 

Income Tax

Ellacotts can assist with income tax planning for equine businesses. In particular, equine businesses can be loss making in the early years of trade. There are certain loss relief rules that apply to different equine businesses and Ellacotts can advise you of this as well as making the most of any losses and how these could be offset against your other taxable income whilst ensuring that the trade is run commercially.

VAT

We can help with all areas relating to VAT planning including setting up on the VAT scheme for Racehorse Owners and advising on VAT rates with regards to DIY liveries through to special purpose yards.

We would love to hear from you!
Book a free meeting with us today.
John Thame
Partner
Claire Rigby
Manager
Kerry O'Reilley
Manager

Using the latest technology, our App has been developed to provide you with useful tax tools and information via your mobile device. Available for iOS and Android mobile phones and devices.