Horses for Sale Canterbury Court

Canterbury Court

Sales
(click on the pictures for more information about each horse)

Why buy a horse bred in the United States?

Aren't the European bred horses better?

There are several advantages to buying in the US. First, the
horses we breed are European bred horses. Our mares are
either imported or the daughters of imported mares. Our
stallion comes from a revered dam line that is still active in
Germany with top selling foals, auction horses, and approved
stallions in both Hanoverian and Oldenburg breeding. We also
selectively use imported semen to bring new blood into our
mare herd. Second, because we breed German Oldenburg
Verband horses, our horsed are inspected by the same
inspectors that judge horses in Germany. Though our foals are
born in California, they are in the same studbook and have the
same status as foals born in Germany. Third, with the dollar
falling sharply against the Euro (currently nearly $1.40 per 1
Euro) the costs of finding, buying and importing a horse from
Europe are prohibitive for most riders. A 15,000 Euro horse will
cost over $32,000 by the time he reaches American soil. Your
money will go much further here than it will abroad.

At Canterbury Court we have a number of horses for sale. You
may buy anything from pre-foaling to made horses and
schoolmasters. If we don't have the appropriate horse for you,
our contacts in the United States and Europe can help you find
your next partner. Pre-foaling prices start at $5000, foal prices
start at $6500 and horses under saddle start at $15,000.
Please click the tabs on the left for the type of horse you
desire or contact us for further information.

IS THIS THE YEAR TO BUY YOUR NEXT HORSE?

Benefits for Horse Industry in Economic Stimulus Bill
                 Written by horsecouncil.org
          Wednesday, 25 February 2009 05:09

President Obama has signed into law the Stimulus Bill,
which is intended to provide a jump-start to the U.S.
economy. The Stimulus Act continues the bigger write-off
for horses and other property purchased and placed in
service during 2009. These benefits were part of the 2008
Tax Stimulus bill, but expired at the end of 2008. The
Stimulus Bill also includes a few other provisions that may
impact horse owners.

Expensing Allowance

The first incentive allows an owner who purchases a horse
or other business property and places it in service in 2009
to expense up to $250,000 of the cost. This so-called
“Section 179” expensing allowance applies to horses, farm
equipment and most other depreciable property. Once total
purchases of horses and other eligible property reach
$800,000, the expense allowance goes down one dollar for
each dollar spent over $800,000.

To illustrate the expensing allowance, assume a horse
business purchases $750,000 of depreciable property in
2009, including $650,000 for horses. That business can
write off $250,000 on its 2009 tax return and depreciate the
balance. If instead, purchases were $900,000, the expense
allowance would go down by $100,000. In either case, the
amount of the purchases not expensed may also be eligible
for bonus depreciation, as explained below.

Bonus Depreciation

The second incentive continues the 50% first-year bonus
depreciation for horses and most other depreciable
property purchased and placed in service during 2009. It
applies to any property that has a depreciable life of 20
years or less. Also, the property must be new, meaning that
the original use of the horse or other property must
commence with the taxpayer. For a horse to be eligible, it
cannot have been used for any purpose before it is
purchased.

To illustrate expensing and bonus depreciation, assume
that in 2009 an owner pays $500,000 for a colt to be used
for racing and $50,000 for other depreciable property,
bringing total purchases to $550,000. The young colt had
never been raced or used for any other purpose before the
purchase. The horse business would be able to expense
$250,000 (as explained above), deduct another $150,000 of
bonus depreciation (50% of the $300,000 remaining
balance), and take regular depreciation on the $150,000
balance.

Other Provisions

State and Local Sales Taxes. The Stimulus Bill provides all
taxpayers with a deduction for state and local sales and
excises taxes paid on the purchase of new cars, light
trucks, and recreational vehicles through 2009. The
deduction phases-out for taxpayers with adjusted gross
incomes of $125,000 and $250,000 for taxpayers filing a
joint return.

NOL Carryback. Current law permits net operating losses
(NOLs) to be carried back to the two years before the
operating loss occurs and carried forward to the twenty
years after the loss. For 2008, the bill would extend the
maximum NOL carryback period to five years for small
businesses with gross revenue of $15 million or less.

Estimated Tax Payment Relief. The Stimulus Bill reduces
the 2009 required estimated tax payments for some small
businesses.

Please check with your accountant to see if these
deductions apply to you. This might be the year to get your
next investment horse.