Equine & Bloodstock
Newmarket is a remarkable place. Most people know that it has a racecourse, where Classic and Champion Series races are run each year, but how many are aware that it is the UK’s largest racehorse training centre, the largest racehorse breeding centre and where most of the major British horseracing institutions are based?
Some estimate that one in every three local jobs is related to horse racing. There are certainly a great many racehorses here - over 3,000 - and some 50 training stables. In the surrounding area, there are more than 60 stud farms.
Based in the heart of this centre of equine excellence, we are privileged to have a number of equine and bloodstock industry clients. These include owners, studs, trainers, livery yards and bloodstock agents, as well as ancillary service providers.
Like all specialist industries, equine and bloodstock can be complex from a financial, taxation and accounting point of view. That is why we have established a specialist team familiar with the challenges faced by many businesses, large and small, operating in this market. With a sound professional pedigree ourselves, we take pride in the longevity of our relationships with many equine industry clients.
If you run an equine or bloodstock business, alongside all the standard services you would expect from a firm of Chartered Certified Accountants, we can assist you with tailored advice on:
- Equestrian business planning and structure to maximise tax allowances
- Land ownership
- VAT issues
- Tax planning for racehorse owners
- Capital taxes planning (succession, inheritance tax, and capital gains tax)
- Forming joint ventures or new partnerships
- Diversifying to maximise value from your land assets
- Raising finance
- Securing business continuity and protecting family interests
- Special grants, allowances, reliefs and refunds
We can also assist you if you are based overseas and interested in investing in UK bloodstock.
For expert advice from our team, with its deep understanding of equine business challenges, just give us a call.
“Hardcastle Burton have been our Accountants for both business and personal finance for over 40 years. The office has a calm, friendly atmosphere and there is always someone to speak to, which is very reassuring. All matters are handled with the utmost professionalism and discretion. I could not be happier with the service and highly recommend them.” Robert Cowell Racing, Newmarket