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.

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.