Eight stallion tax-break claims surpass €1m mark

Eight claims for tax breaks worth more than €1 million each were made last year on income generated from stallion stud fees.

30th September, 2006

Eight claims for tax breaks worth more than €1 million each were made last year on income generated from stallion stud fees.

The average exempt income claimed by individuals and companies came to €225,000 in respect of income earned in 2004.The figures showed 128 claims were made last year.

Minister for Finance Brian Cowen would not disclose the highest claim for tax exempt income from stallion stud fees, because ‘‘of the Revenue’s obligation to observe confidentiality...

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