Saturday, November 18, 2017
Text Size

Carrazzo Blog

Carrazzo gets GST justice for stallion investors

We’re so glad we were asked to sort this GST stallion claim problem for an industry player, as our success has put the ATO on notice that we (and the industry) won’t be “pushed around” on this issue – they can’t be making decisions based on their misinterpretation of the GST provisions that potentially cost stallion investors many thousands of dollars (not just in GST, but advisor fees and time).

Our office is working hard to educate the ATO in this area, with a view to the release of a public ruling that will provide the industry with well overdue certainty on many stallion income tax and GST issues. Watch this space..

Read More

Pre CGT farmland is not always tax exempt

In the past few months, surprisingly, I’ve had a fair few queries on this topic, especially NSW farmers wanting to sell down. It’s a topic rarely raised, but it’s a real “sleeper” and should be.

Read More

Horses and wealth again on ATO radar

When the ATO makes it so obvious that it targets wealthy players in the Racing Industry, I can’t help but put the industry on notice.

Read More

Don't forget this stock tax rule!

It’s the start of the tax year and I see these stock rules continually overlooked for new start-ups.

Read More

Finally a Stallion Tax Case

Cases involving taxation and stallions don’t come along very often and this is a very interesting one to share.

Be on notice – our office is seeking some landmark ATO rulings re tax and stallions and these outomes will be released in the coming days and weeks.

Read More

ATO withdraws hobby horse ruling - But don't panic!

It’s amazing what the ATO will do in the “dead of night” whilst it THINKS no-one is paying attention. I want to get it out there that this special CGT concession to hobby racehorse owners is still available.

Read More

Great Southern Tax Seminar

After a long spell (2009), our tax talk comes to Melbourne in June 2017.

Read More

More Articles...

Page 1 of 7

<< Start < Prev 1 2 3 4 5 6 7 Next > End >>

Member Of

CPA Logo

Connect with Paul

twitter          linkedin

Want to know about preparing a horse business plan?