Part Ownership of Horses

It is an unfortunate fact that the expense of keeping a horse scares many horse enthusiasts away from involvement in equestrian sports and activities.  If you don’t own land on which to keep a horse, then agistment, feed and care costs can range from $10,000 to $30,000 per year depending on the nature and demands…

Gear Check for Joint Ownership Arrangements

Two 2 elite riders have recently contacted me about problems with their respective owners/backers, wanting to know where they personally stood as regards horses in their stables. Alas, neither had a document containing the terms of their original agreement.  Not even a contemporaneous record, such as an email which would corroborate their version of the…

Shared ownership of a horse

Increasingly individuals are pooling their money to buy an elite performance horse or buying shares in a horse already owned by someone like a breeder or trainer who wants to commercialise its value.  The nature of the relationship between the owners is important for legal and taxation reasons. A ‘Partnership’ is defined by the Partnership…