FAQ
Hopefully all your questions are answered on this page, however if you have further questions or need additional information then please feel free to get in-touch and we will be happy to help.
Question?
How many owners are in each syndicate?
Answer.
We always retain at least 10% in each horse. Each syndicate is made up of 90% shareholders (Min share option is 2.5%) plus ourselves, the average number of shareholders we have in each horse is 21.
____________________
Question?
Can I register ownership in a company name?
Answer.
Yes No problem at all.
____________________
Question?
What is covered in the monthly fee.
Answer.
- Training Fees.
- Routine Vets Bills.
- Farrier
s Costs. Dentists Fees.- Feed.
- Supplements.
- Transport.
- Gallop Fees.
- Daily Stabling Costs.
- Entry Fees up to £250
- Jockey`s and Stable Staff Costs.
____________________
Question?
What is not covered in the monthly fee.
Answer
Any entry or supplementary fee for a big race or any costs relating to entering or running in any race outside of Great Britain. If these costs becomes relevant, this means we have a very talented horse earning significant prize money and increasing its value.
Any vet’s surgery other than routine veterinary work.
____________________
Question?
Is there any deductions from prize money.
Answer.
Unlike many other syndicates, we never levy a prize-money tax on owners. 100% of every pound your horse earns goes into the syndicate balance.
The prize money displayed on the Racing Post website is the gross prize money, including all the prize money distributed between owners, trainers, jockeys and the stable. The owners’ percentage of prize money is roughly 78% for win prize money, and 83-87% for place prize money. We distribute the syndicate balance annually towards the end of the year, without deduction.
____________________
Question?
What happens to the VAT.
Answer
All VAT is returned to the syndicate balance as and when it is paid by the HMRC, usually 3 monthly.
____________________
Question?
What happens when the horse is sold
Answer
We’ll tell you if an offer is made during the season. Decisions to sell are made by a vote between shareholders. If your horse is sold rather than retired, the sales figure will be added to the syndicate balance, less any applicable expenses. Usually these include sales house commission, transport and vetting costs. Unlike some other syndicates, we do not charge a commission.
____________________