COSTS &
ACCOUNTS
All partnerships are registered on an individual
basis with The British Horse Racing Board. Every partners'
details are submitted to them, ensuring peace of mind and
the security of a partnership agreement. This also means that
each Partnership has its own account with Wetherbys Bank through
which all training expenses, entry and jockey fees are paid.
A monthly statement is always available on request.
The price of individual shares will vary in accordance
with the purchase price of the horse, but the usual price
is between £750 and £3000 with the monthly costs
paid by standing order into the Wetherbys Account set at a
constant £175 a month.
This monthly payment covers all costs; training fees,
gallop fees, vets bills, transport and race day expenses.
No extra payment for unexpected items will ever be requested.
Wetherbys are also responsible for all VAT matters
concerning each partnership. Through their VAT desk, all dues
paid on the purchase price and training fees of each horse
is reclaimed. This can lead to a saving of thousands of pounds
per year enabling us to maintain excellent value for money.
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