When I unleash and get on it, my hearts and it's hearts drop a little or a lot. My Horse's Hearts and My Hearts Drop to a half a Heart once. And this is on my iPhone 6 as well.
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However, this issue has been closed as a Duplicate of MCPE-20977.
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I also have this happen when the horse is not leashed but is fenced. iOS MCPE 1.1
I had a horse killed by this bug. Most recently it did 5.5 hearts (11 points) damage to a horse wearing iron armor. The fences are two high but there is no suffocating noise/animation, the damage is sudden/immediate. It occurs regardless of whether I am weilding a weapon. I have had a couple of baby horses disappear. They were leashed as well as fenced, so they didn't simply glitch through the fence and I believe they were killed by the same bug. (then the lead despawned before I checked on them)