by chenders01 » Wed Jul 27, 2005 11:21 am
#ed_op#DIV#ed_cl#Well...in most cases, yes, taxes are applicable on services. Anyone who runs a business and makes $30,000/year in profit is required to collect and remit GST. If it's just a small, private barn, they often don't make that much of a profit so they don't charge the GST. But if the barn is larger, they do. When you're enquiring at various barns about boarding, ask them if their board price includes the GST or not. #ed_op#/DIV#ed_cl##ed_op#DIV#ed_cl# #ed_op#/DIV#ed_cl##ed_op#DIV#ed_cl#Same goes for vet and farrier fees. In most cases, they will charge you the GST. #ed_op#/DIV#ed_cl##ed_op#DIV#ed_cl# #ed_op#/DIV#ed_cl##ed_op#DIV#ed_cl#Most people don't pay the taxes when they purchase a horse...but again, it depends on who you're purchasing it from. If it's just a private person, usually it's just a cheque or cash changing hands, so there's no real "record" that a transaction took place...meaning it's pretty easy to hide it from a tax auditor. If you're buying from a lesson or training barn, you may be required to pay the GST to the seller.#ed_op#/DIV#ed_cl##ed_op#DIV#ed_cl# #ed_op#/DIV#ed_cl##ed_op#DIV#ed_cl#I'm not sure what you mean by "contract". Yes, you should always get a Bill of Sale to show that the horse has passed hands. I've never heard of anyone using a lawyer though...maybe for really expensive show horses...#ed_op#/DIV#ed_cl##ed_op#DIV#ed_cl# #ed_op#/DIV#ed_cl##ed_op#DIV#ed_cl#As far as vet-checks, yes, in most cases, you should have one done, particularly if you don't know the horse or its history. Things can turn up in a vet-check that the seller had no idea about. It's a "peace of mind" thing for me, to have it done. The price for vetting will vary, depending on how extensive of an examination you have done. It's the x-rays that are expensive, and not every horse needs them. Usually the vet will tell you whether x-rays should be done or not. When I bought my 12yo OTTB, I had x-rays done, but when I bought my 4yo Paint, who had lived on the seller's farm her whole life, I didn't bother with x-rays. The vetting on my TB cost me around $500; the vetting on my Paint was around $200.00.#ed_op#/DIV#ed_cl##ed_op#DIV#ed_cl# #ed_op#/DIV#ed_cl##ed_op#DIV#ed_cl# #ed_op#/DIV#ed_cl##ed_op#DIV#ed_cl# #ed_op#/DIV#ed_cl##ed_op#DIV#ed_cl# #ed_op#/DIV#ed_cl##ed_op#DIV#ed_cl# #ed_op#/DIV#ed_cl##ed_op#DIV#ed_cl# #ed_op#/DIV#ed_cl#