The new horse loss rules have been in force for a couple of years now and it’s fair to say that the ATO are playing “hardball” where it comes to approving and evaluating the numerous private ruling applications that have been lodged.

 

It is crucial that the industry know what the ATO policy has been when reviewing these rulings as many potential traps can be avoided, especially for breeders and owners who have, or expect to, suffer losses for an extended period after start up.

 

The industry has also had to absorb an unprecedented period of business disruptions, coping with floods, fires, equine viruses etc and this seminar will deal with tax planning to help handle these circumstances.

 

What better way to get the valuable updates on all of these issues but to attend the annual

Magic Millions Horse Taxation Seminar, “Horse Taxation – The Hot Topics”.

 

An official Magic Millions sales week event since 2003, this is a unique concept that has been welcomed by many within the industry, especially breeders, who have been continually frustrated when trying to obtain definitive answers on horse taxation from the ATO and their tax advisers, many of whom have little experience or interest with horse industry issues.

 

This seminar will be conducted at the Magic Millions Sales Complex (VCP Room) on Monday 9 January 2012 (4 pm to 5.30 pm). The seminar cost remains at $132 per head (inc. GST) and is tax deductible to eligible horse taxation businesses. Light refreshments will also be provided. 

 

N.B. A special discounted rate of $110 applies QROA and TBQA members.

 

For the brochure and registration details, please click here.

 

Magic Millions view this seminar as an important “add on” to their sales that can only be of benefit to anyone contemplating serious investment in the horse industry. Accountants with clients in the industry have also found the seminar to be invaluable.