Background: A new client came to us because of our equestrian expertise. The family were changing their business from farming to a professional, national and international equine enterprise.

How we helped: We provided advice around the correct allocation of income and costs between the two businesses, how the disposal and purchase of new equipment should be accounted for, and how to account for income and costs of the new business. Additionally, due to the diversified income streams, and international aspects of the business, we continue to provide ongoing VAT advice including partial exemption, and the VAT treatment on import and export of horses.