Intense discussions are already underway with Brussels on the new regime to apply to the stallion industry, with the existing zero-tax regime to be phased out by 2008.
The industry is certain to be allowed to “write-off'‘ the value of stallions over a number of years, in the same way that a business can write off plant and machinery investment.
Also, there are discussions on whether existing stallions may be exempted for tax, as...
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