Bowstreet Blues (AUS)

When a trainer takes on an expensive colt for a stallion syndicate there is a considerably higher degree of pressure placed on that trainer to turn that investment into a stallion of the future and when you lose your juvenile season due to a paddock accident, that task becomes a hell of a lot harder.

One of the most difficult and contentious tax matters in the horse breeding and racing industry is determining whether an activity is an “enterprise” for GST purposes.