Showjumping tax implications

[Herbs16]

Hi
I have a friend who has 4 horses and jumps them in shows and receives a set amount of sponsorship each month.

I understand the sponsorship is taxable on my friend but is the value of the horses allowable as capital allowances at 18%?

Thanks
Dave

[bd6759]

Capital alowances can be claimed on capital expenditure. Horse can be "plant".

https://www.gov.uk/hmrc-internal-manual ... al/ca21220