IRELAND’S horse industry has a proud tradition of competing successfully at the highest international levels. In recent years, the quality of Irish-owned horses has continued to improve and many owners have achieved strong prices at the sales.

While this year is very difficult with sales postponed due to Covid-19, selling bloodstock can still result in an income spike for horse owners which, in turn, can lead to increased tax liabilities on profits. It is important to understand the main taxes involved and the steps you can take to minimise your liability.