Self Employed Accounts & Horses

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Rainbowrider

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29 November 2005
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Hi,

If you run your own business, which involves travelling and staying away over night, would you be able to pay a groom to do your horses for those periods, and put the cost of this through your books?

Just wondering how horses can fit into a business (which is not related to my actual horses, though it would be an equestrian company).

I am assuming all other horse costs would have to be kept completly seperate as they are nothing to do with the business?

Thanks
 
I don't actually know the answer to this, but I would hazard that it is a no. Same as if you had to go away you wouldn't be able to put cost of childcare/kennels/cattery against your business. How you spend your time outside of your business and what you have to do in order for it to be covered if you are away on business is not 'wholly and necessarily for the business' which is the main criteria for a business expense.

Sorry, that was a very long sentence with lots of 'business' in it!;)
 
I wish! Having been doing contract work for 5 years through a limited company and having worked away a considerable amount of that time I would be rich (well less poor then) if I could have claimed this!
 
Thanks for the replies. As I thought. I was just wondering as I walked around YHL at the weekend, as lots of those people on the stands would have had to leave their horses for the weekend to be there, and probably paid someone else to look after them.

I am thinking of starting my own business next year, so just thought it would be worth asking. I guess if it was that easy, everyone would be doing it!
 
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