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Other doggy topics => Dog news => Topic started by: Seaweed on May 19, 2017, 18:53

Title: Will HMRC kill off the hobby breeder?
Post by: Seaweed on May 19, 2017, 18:53
A Dog World article "Will HMRC kill off the hobby breeder?"  http://www.dogworld.co.uk/story.php/180400/1/will_hmrc_kill_off_the_hobby_breeder__
Title: Re: Will HMRC kill off the hobby breeder?
Post by: Meg on May 19, 2017, 22:57
Interesting! There is mention of breeding in order to afford further showing, and if I understand correctly, the writer is saying that income ought to be declared regardless of the expenditure of showing.

There is some justification in this as when a KC judge puts up a champion to enhance and improve a pedigree line, any further breeding of the line can command higher puppy prices, implying greater profit for future litters bred.

To keep a level playing field, as with income from any source, surely profits from income when breeding dogs ought to be declared by rote.