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.
Two trials at Rosehill on Wednesday morning featured juvenile winners by Russian Revolution and Snitzel, while we also got a first look at the $1.7million full brother to Group I ATC Flight Stakes winner Apocalyptic.