At France Galop, we distinguish three types of owners, each with its own specific characteristics, particularly in terms of taxation and operations.
Non-involved owner :
- You entrust your horses to a trainer without exercising control or taking part in their preparation.
- Taxation: racing winnings are tax-exempt, but capital gains on sales remain taxable.
- This is the most common and simplest profile to manage.
Involved non-professional owner :
- You entrust your horses to a trainer but remain involved in their monitoring or career.
- Taxation: winnings and bonuses are taxable under the non-professional BNC (non-commercial profits) category.
- You can benefit from advice and support while still participating in your horse’s management.
Professional owner :
- You carry out your activity on a habitual, ongoing basis and with a profit-making purpose.
- Taxation: winnings and bonuses are subject to professional BNC, with the possibility of offsetting deficits against overall income, and a specific capital gains regime.
- This status involves more comprehensive management of your activity, as well as administrative and accounting obligations.
Need help?
For any questions regarding owner statuses:
📩 Contact: contact@inscio.fr / 01.43.54.85.09