Under the Racehorse Owners VAT scheme, a racing partnership can claim back the VAT on some racehorse costs, such as purchase fees and training costs.
This means that your share purchase price into one of our racing partnerships can be made net of VAT, which allows the share price cost to go further.
In order to comply with the partnership regulations, RaceShare will ask our owners for their National Insurance number. When an owner accesses their dashboard on the website, there is a section to submit their National Insurance number. This will then be securely stored and submitted to HMRC as part of the partnership VAT2 form.
If you have any questions on our VAT policy, please contact us.