Celtic Swing (GB)

As I return from yet another visit to the QLD Magic Million sales, it occurred to me that it has been too long since I shared my insights as to what a new industry player should be mindful of, tax wise, before they commence a horse breeding and/or racing business.

The Magic Millions Yearling Sale last week was fertile ground for pinhookers with 23 yearlings selling for $100,000 or more above their weanling purchase price in Book 1.