BB/13A/00 Bloodstock—sale of additional nominations by stallion syndicatesBusiness Brief, Issue 13. 28 September 2000This Business Brief explains changes to the VAT treatment of additional nominations sold by stallion syndicates. The changes will take effect from 1 November 2000.BackgroundWhen a colt is to become a stallion standing at stud, it is often syndicated, usually into 40 shares. Each share entitles its owner to one nomination. This lets the owner nominate one mare to be covered by the stallion each breeding season. Each syndicate appoints a secretary, usually a bloodstock agency or a firm of solicitors, to deal with its financial
Business Brief, Issue 13. 28 September 2000
This Business Brief explains changes to the VAT treatment of additional nominations sold by stallion syndicates. The changes will take effect from 1 November 2000.
When a colt is to become a stallion standing at stud, it is often syndicated, usually into 40 shares. Each share entitles its owner to one nomination. This lets the owner nominate one mare to be covered by the stallion each breeding season. Each syndicate appoints a secretary, usually a bloodstock agency or a firm of solicitors, to deal with its financial
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