Australia’s renowned expert on bloodstock taxation and regular Breednet correspondent, Paul Carrazzo CPA, will once again hit the Australian sales circuit in May 2014 to run his ground breaking Magic Millions horse tax seminar.
Regular and prospective attendees should note that this talk has had a timing change for 2014, with the Magic Millions National Tax Seminar put back to Friday, 23 May 2014 to coincide with the start of their mid-year National Sale of weanlings, mares and yearlings.
This seminar has everything for the start-up and established racehorse owner and breeder, covering off on issues such as Business v Hobby, Tips for accessing horse losses under the non-commercial loss rules, Mare and Stallion write-downs, Tax cases and Federal Budget update, Horse Deductions, Capital Gains Tax, GST, Business Plans, Horse Tax Planning and Breeding Property Taxation.
Seminar highlights include:
- The ATO playing hardball with high income earner loss applications;
- Horse Property Taxation;
- ATO horse business indicators;
- Exporting a horse GST-free;
- New Business v Hobby cases;
- How to prepare a horse Business Plan;
- Demystifying stallion and mare write-downs;
- Hobbyists planning to avoid CGT on horse sales;
- New company “loss carry back” rules; and
- Horse deductions update.
The serious horse investor will not be disappointed with this seminar as over the years it has become the “one stop shop” for the sharing of the crucial horse tax issues. The venues, the ‘year-end’ timing and the speaker could not be any better, so be sure not to miss out as seating is strictly limited.
TBA, TBQA and QROA members can attend at the special discounted rate of $132 per head (inc. GST). See details here.
