The Orders and Rules of Racing
PART 3 - OWNERS - (E)27 to (E)92
47. Registration of business partnerships
47.1 Business Partnership
- 47.1.1 means a partnership within the meaning of section 1 of the Partnership Act 1890 and which
- 47.1.1.1 has a current VAT registration number, and
47.1.1.2 has not registered racing activities as a business for VAT purposes under Rule (A)100 (VAT registration scheme), and
- 47.1.1.1 has a current VAT registration number, and
47.2 When making an application for registration in the register of owners, a Business Partnership must decide, in respect of each horse owned by the partnership, whether the horse is to be run under
- 47.2.1 the business or trading name of the partnership, or
47.2.2 the name of a Business Partner.
47.3 The application for registration
- 47.3.1 must be signed by four or more of the partners or, if there are fewer than four partners in the partnership, by all of them,
47.3.2 must, in accordance with Paragraph 47.2, specify the name under which any horse owned by the partnership is to be entered and run, and
47.3.3 where any two or more horses owned by a partnership are to run under different names, must specify in relation to each name chosen the particulars of each horse that is to run under that name.
47.4 Where
- 47.4.1 a horse is to run under the name of a Business Partner, and
47.4.2 that partner also owns horses in his own name,
the application must, in relation to the name of the Business Partner, specify the name of the horse owned by the partnership.
47.5 Where an application is made in accordance with Rule 29 and this Rule, the Authority may refuse to approve the application in such circumstances as it considers appropriate.