The application was for the sole purpose of investment in trading of bloodstock.
Initially the company focus is on buying foals and selling them as yearlings. This is known as Pinhooking.
Our first foal purchases were in 2017 and sold in 2018. You will see from the results on the next page we achieved a 31% return on investment in our first year.
|Max no. of staff||250|
|Max. Assets Value||£15m|
|Minimum Age of Company||None|
|Maximum Fund Raising||£5m per annum|
|Max. Annual Investment||£2m|
|Min. Duration of Investment||3 years|
|Income Tax Relief||30%|
|Income Tax Carry Back||1 year|
|Capital Gains Tax||0%|
|CGT Reinvestment Relief||No|
|Capital Gain Tax Rate||0%|
|Min Tax rate for total loss||38.50|
|Income Tax Relief||£3,000|
|Future Share Value||£20,000|
|Tax Free Gain (£20,000 – £7,000)||£13,000|
|Future Share Value||NIL|
|Loss Relief off highest tax rate (Assume 45%)||£3,150|
|Loss after all credits||£3,850|