Falak (USA)

Blue Gum Farm’s Flying Artie has a very strong crop of three year-olds running for him this season and a promising filly that can call $10million earner Fangirl ‘Aunt FannyG’ was his latest winner when scoring at Warwick Farm on Wednesday.

One of the key areas in thoroughbred taxation is accounting for trading stock and ensuring the tax closing value is properly ascertained. You’d be quite surprised of the enormous difference to the tax position of any racing player where trading stock problems occur.