Highest Honor (FR)

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.

Richard Johnston has bred some very good horses under his Bylong Park banner including triple Group I winner Think It Over and an Anders three year-old he bred and races was an eye-catching debut winner at Hawkesbury on Thursday.