No quitten we're whelan on to chitchat 11

Neither are costs deductible... its a hobby.... if you win 10k in the lotto you dont pay tax. Most people who own a racehorse end up losing a lot more than they win.... horse racing is a hobby for the majority of owners

Well if the profit is tax free, it doesn't bloody matter if your costs aren't tax deductible....

They're costs of doing business, maybe the state should refund them or something...

Most stallion owners aren't hobbyists, it's a huge business in this country with horses that never raced here being flown in and out to cover mares. Of course they remain here for the requisite number of days to be based here for tax purposes.

Nothing more than a tax avoidance scheme on a grand scale making billionaires of a few people and making it impossible for any genuine farmer to buy land in proximity to any of these edifices to corruption.

Are you saying there is no tax on Stallion Fees ?

Delighted that you find it amusing.

For hundereds of years many of our ancestors lived on and paid rack rents for land which was 'legitimately acquired' by the who 'owned it'

Mr Magniers ancestors would be of that class of landowner.

This outfit also hived off millions in farm payments over decades.

He's about 90 and has no need of that land only greed and empire building.

They should be boycotted.

No problem with that at all Fintan. I agree 100%, if the playing field was level.

Grueller answered that above.

"Sure they're all only hobbyists father"

The horsey set would still walk down on the rest of us if they got a moments chance.

Look how indignant they get when told to fxxk off out of private land they think they have some right to charge through a few times a year.

Close association with former govs means they still get the occasional tax break whilst everyone else pays their way.

"Sport of Kings" ?

Lol...

No time for any of them.

It’s easy to make loads of tax free money out of horses. Just buy a horse and watch the money roll in. After a few years you’ll have buckets of cash to buy up the best of farms. You won’t know what to do with all the cash. Simples. .

Who said it wasn't hard work? No different to any other type of farming or any other profession for that matter, but having favourable tax systems for them is not right.

The sport is also propped up by an extremely favourable betting tax regime, down from 20% in the mid 80s to 1% in bookmakers or online currently with 0% on course.

I remember one successful business owner, absolutely no connection to golden Vale, buying a very substantial amount of shares a few months before take over by kerry. Shares price rose, he sold off. Now how did he know that.

I don't think any farmer would begrudge a horse or stallion owner if they were taxed the same as any other farmer. Horse owners under the current government lobbied and won to have horses classed as a livestock unit to claim the bps and other land based subs. So these are livestock for a business not classed anymore as a hobby. Thus the prize money should be taxed the same way as livestock, cows, sheep earn.

Currently horse owners can run horses against each other in private closed off tracks and nearly know to a tee which horse should win which race. It's nearly tied up completely before the race. Money is made if you know which horse is going to win which race. Even better if that form's been hidden and the horse has long odds.

We've a situation now where Coolmore estates are the largest farmland owners in the state with no sign of slowing down buying thousands more each year. If this was a Chinese family or business buying thousands of acres there'd be uproar and a change in land buying and ownership laws to stop it. This happened in New Zealand.

Mcmanus started off holding dogs in Limerick track by all acounts more likely story then the yarn he started off with a jcb

They are a livestock unit if they are on the farm. But considering they are bought for racing the would be spending 9-10 months of the year in a trainers yard, so very hard to be claiming a livestock unit for them

Now if its breeding you are on about then yes they are on the farmand tax is paid on the profit of the foal. Think a lot are mixing up racing and breeding

I woiuld love to own more land, but like a lot of others I cant afford to buy it / dont see the sense in it. I dont begrudge all the Dairy Farmers buying up every perch around the place. More power to anyone who can afford to buy land... Magnier included.... it will all be there after us

Wasn’t advised this year

Was just thinking the same. Normally get it for eldest lad for Christmas. Although daughter came home with a load of the stuff you'd normally get in the farmers journal bucket from college last week, must ask her what the story was.

Ah so they want people to subscribe to the printed version so that An Post or whoever gets paid to deliver them to our homes and then when we are finished reading them to wrap them up and use with a bit of kindling to light the fire.