Carrazzo Melbourne Sport of Kings Tax Talk

Media Release - Wednesday July 9

It gives Baumgartners great pleasure to announce that Paul Carrazzo’s “Sport of Kings” horse tax talk returns to Inglis Melbourne on Wednesday 13 August.

The bonus for this talk is that delegates can attend “in person” or “online”, a format Paul has recently adopted for NSW, QLD and WA talks.

Paul’s last Melbourne talk was in 2017 and the Covid intrusion has made it difficult to schedule another Melbourne talk since then, especially with the recent merger of Carrazzo Consulting and Top 100 firm, Baumgartners.

Special focus on the hot topics

The main focus of the talk will be the discussion around the landmark Darley Land Tax Case, which has thrown doubt on the land tax exemption status of many breeders and primary producers. However, as usual, there will be something in this talk for any serious horse investor, including a Q&A forum at the end.

The talk will be presented from the sale ring at The William Inglis Oaklands Junction sales complex on Wednesday 13 August @ 10 am.

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The talk will cover off on the current hot topics in horse tax including:

  • Darley Land Tax Case – final outcome
  • Business or Hobby
  • Non-Commercial Loss rules
  • Selling Horses – FAQ’s
  • Farming Properties & Taxation
  • GST and Start-Ups
  • Stock Write-Downs
  • Sales Averages
  • Wagering and Prizemoney
  • Foal crops/stock fertility
  • Importing and Exporting trends

Paul Carrazzo and senior tax manager and fellow equine team member, Grahame Barber, will jointly present this talk.

Baumgartners would like to recognise the generous sponsors and supporters of the talk, including:

  • Inglis
  • Widden Stud
  • TROA
  • Racing.com

For further details go to www.baumgartners.com.au or email seminars@baumgartners.com.au

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