Carrazzo Melbourne 'Sport of Kings' Tax Talk

Media Release - Sunday July 27

It gives Baumgartners great pleasure to announce that the 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 recent 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.

Advertisement

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

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

Advertisment
More Reading...
Sires With Winners - Thursday January 15
Here is the full list of 30 stallions which had winners throughout Australasia today with winners and result details.
Hot Lots Day 4 – Magic Millions
After three days of Book 1 selling, Friday’s super session sees 280 lots catalogued in what will surely be a bumper day in the ring.
People at Magic Millions - Day Three
Day Three at Magic Millions and Maree wasn’t finding it difficult to find the love for Frankel, while there’s a great story about a $250,000 sale from a $6,000 service fee with Ben Lucas.
Widden Sell First Million Dollar Yearling for Anamoe
Australian Horse of the Year Anamoe is leading the first season sire averages at Magic Millions and put the issue well beyond doubt when he produced his first seven figure yearling on Friday with Widden Stud’s colt from Secret Trail fetching $1.1million.
$500,000 Filly for Nicconi – Sister to Scorched Earth
Widden Stud’s 20 year-old stallion Nicconi is best known as the sire of champion sprinter Nature Strip and while high end commercial breeders have largely moved on from the evergreen sire, he made his presence felt at the Magic Millions on Friday when his lone yearling sold for $500,000.
MyRacehorse Snap Up $750,000 Stay Inside Filly
With two stakes-winners on his resume already, Golden Slipper winning sire Stay Inside couldn’t be doing much more and Sledmere Stud were well rewarded when they sold one of his fillies at Magic Millions on Friday for $750,000.
Magic Week for Jayven See
Singapore-based Jayven See is reaping the rewards of his continued investment into the Australian racing and breeding landscape this week on the Gold Coast.
$550,000 Home Affairs Filly to Redgum Racing
John McArdle has had a great run of late with flying I Am Invincible filly My Gladiola and he took a shine to another good looking filly bred for speed at Magic Millions on Friday paying $550,000 for the Home Affairs filly from Real Surreal.
Zoustar Mare Chasing Another G2
Stephen Marsh will be chasing a third victory in Saturday’s Gr.2 Thorndon Mile (1600m) at Trentham and is confident he has the firepower on reasonable ground to go close.
$1.25 Million Invincible Filly to Waller Racing
Champion sire I Am invincible has produced a filly to sell for a million or more on each of the three days of Magic Millions so far and he did it again on Friday when the Coolmore consigned filly from Qafila fetched $1.25million.