Second Empire (IRE)

Inglis Digital – the world’s leading online thoroughbred sales platform – today celebrated a landmark day in its short history when star graduate Half Yours won the $10m G1 Melbourne Cup.

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.