Judge Mercy (AUS)

A 10% share in G1-winning mare Charm Stone has topped the September (Late) Online Sale selling for $310,000, the second highest price for a racehorse share on the platform this year.

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.