Finance the Ride / Horse float finance
Horse Float Finance and Business Tax Deductions
If your horses are a business, not a hobby, your float may be a business asset. When deductions may apply and what the ATO looks at.
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Check my eligibility
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Whether you can claim tax deductions on a horse float depends first on one question: are your equine activities a business or a hobby? Hobby costs generally aren't deductible. Genuine business costs may be.
Hobby or business?
The ATO looks at factors such as whether you intend to make a profit, the size and regularity of the activity, whether it's run in a businesslike way (records, planning, a separate account), and whether you have an ABN. Breeders, trainers, agistment operators and professional competitors are more likely to be carrying on a business. Check with your accountant.
If it's a business
- Chattel mortgage: interest and depreciation, business-use portion
- Finance lease: lease payments, business-use portion
- GST credits if you're registered
- Running costs: rego, insurance, maintenance
- Instant asset write-off: for eligible small businesses on assets under $20,000
Mixed use
If you also use the float for personal riding, only the business portion is claimable. Keep records of trips and their purpose.
Structure matters
Finance the float in the same name as the business that uses it.
Equine business buying a float? Tell us about it in about 60 seconds and a licensed broker will call you. No credit check to enquire.
Related guides
General information only. This isn't tax advice. Speak to a registered tax agent. Finance the Ride is a referral service and doesn't hold an Australian Credit Licence. Last reviewed September 2026.
About this guide. Written by the Finance the Ride team and last updated . It's general information for Australian borrowers, not financial advice, and doesn't take your circumstances into account. Finance the Ride is a referral service: we don't lend money or hold an Australian Credit Licence. About us