Do livery stables pay business rates?

Do livery stables pay business rates?

Why are stables classed as being liable for business rates? Agricultural property currently receives exemptions from business rates. However, horses and ponies are not classed as agricultural livestock, so stables and ancillary buildings are not agricultural buildings and are therefore rateable.

How much does it cost to keep a horse at a livery UK?

As to the costs for keeping a horse at a livery yard, these vary according to the type of livery offered. Grass Livery can be expected to cost around of £20-£25 per week. DIY Stabled Livery can be expected to cost roughly £30-£40 per week. A full livery service can cost up to £100-£150 per week.

Should I charge VAT on horse livery?

Broadly, the VAT position for those providing stabling, grazing or livery is as follows: The letting of a stable alone is exempt from VAT, subject to the ‘option to tax’. Stabling plus livery might be VAT exempt, only if the stabling is the predominant element.

What is livery fee?

A livery yard, livery stable or boarding stable, is a stable where horse owners pay a weekly or monthly fee to keep their horses. A livery or boarding yard is not usually a riding school and the horses are not normally for hire (unless on working livery – see below).

Do you need a Licence to run a livery yard?

What licences does a livery stable need? Livery stables that simply house and care for other people’s horses do not need a licence. But you may need to get a licence if, for example, you offer a working livery arrangement whereby, in return for a reduced livery fee, you: hire out your customers’ horses for hacking.

Do livery yards need insurance?

If you have a commercial livery yard, you need to ensure that you are covered for interruption of business due to sickness or other unforeseen circumstances. Furthermore, if you employ staff at your stables, you are required by law to have employers’ liability insurance.

What does full livery include?

This is the term used to describe a fully managed yard, where all aspects of horse care are carried out by onsite grooms. This package will include turning out, mucking out, grooming and exercising as necessary.

How much does a horse cost per month UK?

According to the latest BETA survey, on average during 2019 owners spent £2,652 (£221 per month) on livery or £1,498 (£125 per month) on grazing. Bear in mind, it’s possible to spend an awful lot more. The cost of keeping your horse at a livery yard depends on the location, what you require and the facilities on offer.

Are horses exempt from CGT?

Racehorses are also exempt from capital gains tax this is because they are viewed as ‘wasting chattels’ meaning they are assets with a useful life of under 50 years.

Do you have to pay tax on sale of a horse?

In general, sales tax must be collected or use tax paid to the state where the purchaser accepts delivery or possession of the horse. Thus, if the seller has a physical or economic presence in the state of delivery, the seller should collect sales tax.

What does horse livery include?

Full livery is the term given to a fully managed yard, where horse owners pay a premium for all their horses needs to be met, including feeding, grooming, mucking out and exercising as necessary. The yard staff are responsible for the horses welfare at all times, with the owner having free access to their horse.

Do livery yard owners have a duty of care or a responsibility?

In a full livery agreement, the yard owner is primarily responsible for the daily care of the horse. Services vary but tend to include feeding, turnout to grazing and bringing in. The yard usually provides feed, hay and bedding. Therefore, the yard must ensure that they are providing good quality food and grazing.

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