Ganseki (AUS)

 In the week of the iconic TAB Karaka Millions Raceday, where NZB graduates will take to the track for their share of $4.6m in stakes, NZB has unveiled new custom made trophies for winning connections of the $1m TAB Karaka Millions 2YO (1200m) and $1.5m TAB Karaka Millions 3YO (1600m) races.

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.