Principality (AUS)

The $1million Group I VRC Oaks (2500m) is the highlight at Flemington on Thursday and with all of the fillies on trial at the trip, pedigree can be a good indicator and in a field of 13 that features no G1 winners it’s a real year for the up and comers.

Back in May of this year I was very pleased to share details of a tax case that held that a farmer need not pay Capital Gains Tax (CGT) on the subdivision and sale of his 10-acre holding. CGT was avoided as it only applies to capital assets acquired on or after 19 September 1985.