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Tax dodge?

by Rob

Aidan O'Brien

Aidan O'Brien

Why is it that you often see a change of racehorse ownership to the SAME owner. For instance:
Change of Owner: Mr D. Smith, Mrs J. Magnier, Mr M. Tabor to Derrick Smith, Mrs J. Magnier & M. Tabor.
This is very frequent within the O’brien stable.
What are they getting from it?

Answer: The change of ownership is often done within the O'Brien stable to ensure horses are eligible for different types of races and to move them around to different racetracks to give them the best chance of success.

For example, transferring horses from Mr. D. Smith to Derrick Smith, from Mrs J. Magnier to Mrs J. Magnier and Mr. M. Tabor, or vice-versa.

Comments for Tax dodge?

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Feb 28, 2023
No, that’s not right
by: Rob

That answer doesn’t sound feasible. You don’t need to change ownership to enter horses at different courses. That’s nonsense.

Answer: I will look into this further for you:)

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