Bloodstock tax-free status under review, says Ahern

TAOISEACH Bertie Ahern yesterday said the bloodstock industry’s controversial tax-free status, which makes millions of euro for breeders every year, is under review.

Bloodstock tax-free status under review, says Ahern
Wed, 13 Nov, 2002 - 00:00
Carl O’Brien, Political Correspondent

Mr Ahern’s comments came as it emerged Manchester United manager Alex Ferguson could make up to €5m a year tax-free after his horse, Rock of Gibraltar, was retired to stud in Coolmore, Co Tipperary this week.

Top stallion owners make a fortune thanks to a tax exemption on breeding fees introduced over 30 years ago to help the then fledgling industry.

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CourtsPoliticsPlace: Rock of GibraltarPlace: Coolmore, Co TipperaryPlace: IrelandPerson: AhernPerson: Bertie AhernPerson: Alex FergusonPerson: Pat RabbittePerson: Paul TanseyPerson: Finance MinisterPerson: Charlie McCreevyPerson: JP McManusPerson: John MagnierPerson: Michael TaborOrganisation: Manchester UnitedOrganisation: DáilOrganisation: Department of FinanceOrganisation: Meals on WheelsOrganisation: Revenue CommissionersOrganisation: Thoroughbred MarketingOrganisation: France
<p>Mary Immaculate College. Photo via Wikipedia</p>

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