The Non-Commercial Loss (NCL) rules have been a thorn in the side for individuals conducting a business, alone or in partnership, since their inception in 2000.
With six Book 1 yearlings and a further 14 catalogued in Book 2, Bowness Stud’s James and Jocelyn Daly head to this year’s Magic Millions yearling sale full of confidence in the draft which is headlined by eight yearlings from resident sire and G1 Rosehill Guineas winner D’Argento, the best performed son of So You Think at stud.