Ensuring you have advisers with in-depth knowledge of your equestrian business and the industry will help you make the best decisions.

Our equine team is both passionate about and experienced in the sector and will work with you to help you achieve your business goals.

Understanding you

Whichever equestrian discipline you focus on, being able to concentrate on producing your horses or running the business is critical to success. Time is always at a premium so we will work with you to allow you to run your business efficiently.

How can we help you?

Being in a position to make a well informed, quick decision is vital to a successful business, our experts will provide you with timely and constructive advice. 

Our tailored business and tax services for the equestrian and equine industry include:

  • Preparation of annual accounts and tax returns
  • Strategic business and tax advice
  • Capital gains tax (CGT) planning
  • Inheritance tax (IHT) planning
  • Consideration of benefits of incorporation
  • Capital allowances
  • Assistance with payroll and PAYE matters
  • VAT advice
  • SDLT advice
  • Advice on investment incentives (EIS)
  • The tax implications of diversification
  • Trust advice
  • Introductions to other specialist professionals
  • Advice on the choice of accounting software and its operation

'Have you herd' our latest podcast?

Equine Partner, Lucie Hammond, is joined by senior members of the Farms and Estates team to discuss everything Equine.

Listen now

Case Study

Dressage training centre

Background: A new client came to us after meeting Lucie at a presentation at Hartpury seeking specialist advice to support their new ideas.

How we helped: We worked with the owner to take the business apart and fully restructure, taking into consideration their growth aspirations. Since coming on board, the business has been able to grow from a 'small' to medium-sized business very quickly and can now focus on what they do best. The have achieved the finance they were looking for to build an indoor riding school.

Case Study

Eventing/livery yard looking to improve profitability

Background: We were approached by a professional event rider wanting to improve the profitability of their business.

How we helped: We spent time with the owner to get a full understanding of the fixed and variable costs of the business, which lead to a change in the charging structure for both horses kept on livery and syndicate horses. This enabled the owner to make key decisions about the mix of horses to ensure the business grows profitably.

Case Study

Competition/stud and livery business breaching VAT registration threshold

Background: A new client came to us as their previous accountant had retired. They had traded around the VAT threshold for a number of years and the business had stagnated, as they were concerned that if they registered for VAT the business would be unviable.

How we helped: After an initial review of the previous accounts and current books and records, we were able to identify significant capital expenditure which would qualify for a full VAT refund on initial registration. Additionally, due to the various different types of supply, some of the income streams would be exempt from VAT. The initial VAT refund was over £20,000 and in nine VAT quarters out of ten the business continues to receive VAT refunds.

Case Study

Succession planning for a family farming and equestrian business

Background: A new client wanted guidance on structuring their combined farming and equestrian business activities to allow for succession of the businesses in a tax efficient manner.

How we helped: From a review of the business and asset ownership we identified that both businesses were not always profitable and all the land and buildings were owned by one member of the family. We implemented a structure involving partnerships which allows the flexible use of income profits and losses around the family. The land owning member is an active partner in both partnerships allowing a situation where valuable assets can be gifted to the next generation at the appropriate time without incurring substantial capital gains tax or inheritance tax charges.

Case Study

Expert witness and business review for livery yard

Background: Hazlewoods was recommended by another professional services firm that the client was working with; after arranging a meeting, we met with the client in order to construct a business plan to prove the viability of the business.

How we helped: Hazlewoods acted as an expert witness in court and the client was very impressed with how we represented them. Our knowledge of the industry was a real plus in this instance too. As well as acting as an expert witness and producing a business plan, we also reviewed all operations and were able to advise on business grants and how to claim them. 

Hartpury Festival of Dressage Tuesday 4 - Sunday 9 July 2023

Hazlewoods CDI3* FEI Grand Prix winners, Carl Hester and Fame XX

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Hartpury International Festival of Dressage Tuesday 5 - Sunday 10 July 2022

Hazlewoods CDI3* Grand Prix winners, Fiona Bigwood and Daytona Platinum

Hartpury Show Jumping Spectacular Sunday 26 - Wednesday 29 June 2022

Hazlewoods 1.30m open class winners, Holly Sharp and Laridor Van De Roshoeve

Featured news

Testimonial from Daniel Watson

"Lucie and her team know how businesses run and what is needed to succeed in the future. They pulled our business apart, restructured it, and put it back together again. The way Lucie communicated with our bank manager, and set out projections and accounts was first class. "

Testimonial from Linda Christmas

"Working with Lucie put me at ease instantly; she has excellent knowledge of the equine sector which really helps with early discussions and for having confidence in what she recommends. Her advice is straightforward, honest and practical. "

Content image: /uploads/team/unknown.jpg Lucie Hammond
Lucie Hammond
Partner, Farms and Estates
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