Buying a horse with someone else - passport question

[canteron]

If you buy a horse with someone else, do you have both names on the passport and would this be a sensible thing to do?

 

[ycbm]

No the passport doesn't indicate ownership. You'd be ill advised to buy a horse with someone if you don't trust each other enough just to have the registered keeper's name on the passport.
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[Cowpony]

I really wouldn't buy a horse with somebody else. Even if you don't fall out at some point, life happens - one of you loses their job so can't afford it any more, or moves to another part of the country, or decides they want to compete in a different discipline......and then the other is left with all the cost and trying to buy their friend out.

 

[Ditchjumper2]

Don't lol.

 

[Quigleyandme]

This seems a bad idea and fraught with all sorts of possible issues. I’m usually a very trusting type but I can think of a dozen very likely scenarios when this arrangement might go egg shaped.

 

[Gamebird]

Yes. My husband bought a horse with a friend of mine. Both names went on the passport (Weatherbys). He subsequently sold his half to the other party, but both names remain on the passport as nobody was too worried about changing it.

 

[millitiger]

Don't do it, I've only ever seen shared ownership of leisure horses end badly!

 

[Prancerpoos]

Another vote for - don’t!

 

[ycbm]

Yes. My husband bought a horse with a friend of mine. Both names went on the passport (Weatherbys). He subsequently sold his half to the other party, but both names remain on the passport as nobody was too worried about changing it.

I think Weatherbys do consider the name on the passport and in their records to be the declared owner for racing purposes? I don't think it would hold up legally though.
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[Gamebird]

I think Weatherbys do consider the name on the passport and in their records to be the declared owner for racing purposes? I don't think it would hold up legally though.
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This was a TB that never went into training - they bought it as a store to be a competition horse, so the racing aspect didn't matter to them.

 

[Widgeon]

Could one of you (perhaps the financially better-off one) buy and the other be a sharer and then you split costs?