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Consignment Form Munsell's Select Show Horse Sale Munsellhorses
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People also ask
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How much commission does the average horse sale take?
Horse sale commissions cover the equine professional's time and effort to identify horses that match your skill level and, in some cases, travel to see and try the horse in person. Commission fees vary based on several factors but typically range between 10-20% of the horse's sale price.
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How does selling a horse on consignment work?
When you decide to consign a horse, you are hiring a trainer, or a sales barn, to market and sell your horse. An owner and trainer will usually sign a legally-binding contract which should outline what that team or person is actively doing for your horse during the sale period.
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What is the best way to sell a horse?
If you have a horse to sell, you have some options: 1) List the horse yourself, 2) Enlist the help of your regular trainer, 3) Send the horse to another professional who specializes in selling horses that are similar to yours 4) Sell the horse at a public auction or sale.
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How do horse consignment sales work?
How it works: When you decide to consign a horse, you are hiring a trainer, or a sales barn, to market and sell your horse. An owner and trainer will usually sign a legally-binding contract which should outline what that team or person is actively doing for your horse during the sale period.
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Is selling a horse considered income?
Just like any other business asset, when the horse is sold, the depreciation taken in the past must be recaptured and thus taxed at ordinary rates. For horses owned less that two years, the entire gain is taxed at ordinary rates.
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