The 2026 NZB National Yearling Sales (January 25-29) offers buyers the cream of the New Zealand crop and with the sale starting this Sunday, we’ve gone looking for pedigrees of interest for a myriad of reasons.

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.