Boom Justify colt Ruling Court would have been resting easy in his box after the running of the Group II Dante Stakes (1m 2 ½ f at York overnight with race favourite The Lion in Winter beaten comfortably in this key lead up race for the Group I Epsom Derby on June 7.

In my many years of dealing with clients with breeding and racing properties, it has been very common to consult to them on the tax implications where there is a full or partial sale of the property for subdivision purposes.