How are horses valued for divorce?

In high-net-worth divorces, horses can be among the most emotionally and financially significant assets. Whether they are family companions, competition animals, or part of a breeding or equestrian business, horses require careful legal and financial consideration during divorce proceedings.

At Vardags, we have extensive experience handling divorces involving horses and equestrian assets. We understand the unique challenges these cases present and are well placed to assist.

What Affects a Horse’s Value in Divorce?

Horses can be high-value assets, particularly if they have participated in professional racing or equestrian events, or if they are of a certain breed or from a prestigious pedigree. Other factors considered may inclide:

• Training level and competition record
• Breeding potential and stud value
• Health and veterinary history
• Market demand and comparable sales
• Associated income (e.g. prize money, stud fees)

In some cases, horses are treated as personal property, while in others - particularly where they generate income - they may be considered business assets.

Issues relating to horse ownership and the relevant expenses to maintain a horse are increasingly arising in HNW and UHNW divorces. For example, in Y v Z [2024] EWFC 4 the wife sought a sum of £602,400 to purchase new horses for the parties’ children, minus the proceeds of sale gained from the sale of the previous horses. 

How the Courts Value Horses

To determine the value of a horse, a comparative market analysis looking at the sale price of similar horses, will be undertaken. The valuation process may involve:

1. Full disclosure of all equine assets, including horses, stables, equipment, and related income
2. Appointment of a Single Joint Expert (SJE) — often an equine valuer, vet, or bloodstock agent
3. Expert valuation report covering:
   • Market value
   • Breeding and competition potential
   • Associated costs and income
4. Court consideration of the report as part of the overall financial settlement

The court may:

• Allocate the horse to one party
• Order its sale and division of proceeds
• Offset its value against other assets

Matrimonial vs Non-Matrimonial Horses

Whether a horse is considered matrimonial property depends on:

• When it was acquired (before or during the marriage)
• Who paid for and maintained it
• Whether it was used jointly or for family purposes

Horses acquired before the marriage or inherited may be considered non-matrimonial, but can still be included in the settlement if needed to meet the other party’s financial needs.

At Vardags, we have helped many clients navigate the complexities of equine-related divorce cases. Whether you own a single pony or manage a competitive yard, we can help you protect your interests and reach a fair outcome. If you are considering or going through a divorce, contact Vardags today for a free initial consultation with one of our expert divorce solicitors. 

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