35In this connection, it must first be noted that, in principle, the service provided by the horse race organiser, consisting in enabling the owner of a horse to have his horse participate in the horse race, cannot be regarded as effective consideration for the supply of a horse by the owner to the race organiser. That service is remunerated by the payment, by the horse owner, of entrance and declaration fees reflecting the value actually given in return for the horse’s participation in the race. Furthermore, although the horse owner could possibly derive a benefit from that participation as a result of the increase in the value of the horse in the event that it is placed or the publicity gained by the horse from its participation, that benefit is difficult to quantify and uncertain, since it essentially depends on the result of the race. That benefit cannot therefore be taken into consideration for the purposes of determining the value actually given in return for the supply of the horse in accordance with the case-law referred to in paragraph 28 above.
Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.