Carrazzo Melbourne 'Sport of Kings' Tax Talk

Media Release - Sunday July 27

It gives Baumgartners great pleasure to announce that the Paul Carrazzo’s “Sport of Kings” horse tax talk returns to Inglis Melbourne on Wednesday 13 August.

The bonus for this talk is that delegates can attend “in person” or “online”, a format Paul has recently adopted for recent NSW, QLD and WA talks.

Paul’s last Melbourne talk was in 2017 and the Covid intrusion has made it difficult to schedule another Melbourne talk since then, especially with the recent merger of Carrazzo Consulting and Top 100 firm, Baumgartners.

Special focus on the hot topics

The main focus of the talk will be the discussion around the landmark Darley Land Tax Case, which has thrown doubt on the land tax exemption status of many breeders and primary producers. However, as usual, there will be something in this talk for any serious horse investor, including a Q&A forum at the end.

The talk will be presented from the sale ring at The William Inglis Oaklands Junction sales complex on Wednesday 13 August.

Advertisement

The talk will cover off on the current hot topics in horse tax including:

  • Darley Land Tax Case – final outcome
  • Business or Hobby
  • Non-Commercial Loss rules
  • Selling Horses – FAQ’s
  • Farming Properties & Taxation
  • GST and Start-Ups
  • Stock Write-Downs
  • Sales Averages
  • Wagering and Prizemoney
  • Foal crops/stock fertility

Paul Carrazzo and senior tax manager and fellow equine team member, Grahame Barber, will jointly present this talk.

Baumgartners would like to recognise the generous sponsors and supporters of the talk, including:

  • Inglis
  • Widden Stud
  • TROA
  • Racing.com

For further details go to www.baumgartners.com.au or email seminars@baumgartners.com.au

Advertisment
More Reading...
Sires With Winners - Friday January 16
Here is the full list of 50 stallions which had winners throughout Australasia today with winners and result details.
Torque To Be Sure Survives Protest For 3YO Guineas Win
Torque To Be Sure survived a protest in the stewards’ room to shrug his maiden tag on the biggest stage with a win in the $3 million Gold Coast Magic Millions 3YO Guineas (1400m) on Saturday.
King of Roseau Brings Full Circle Moment for Capitalist and Snowden
A decade after Peter Snowden won the Magic Millions 2YO Classic with Capitalist, the champion trainer saddled up the stallion’s son King Of Roseau to win the $2 million Magic Millions Cup (1400m) at the Gold Coast on Saturday.
Geese That Lay Golden Eggs – What’s in the Future?
The 2026 Magic Millions Yearling Sale was highlighted by 15 yearlings that sold for $1million or more which was two more than last year when just 13 hit the magic mark, but still considerably down on 2024 which saw 23 millionaires sold following on from 20 in 2023.
Sires With Winners - Saturday January 17
Here is the full list of 111 stallions which had winners throughout Australasia today with winners and result details.
Mulcaster Finds First Winner for Portland Sky
A Group I winning son of champion sire Deep Field, Widden Stud’s Portland Sky put his first winner on the board at Ascot on Saturday with a dominant debut victory for talented filly Daryte, who was purchased by Guy Mulcaster.
Diamond Hopefuls Emerge at Sandown Trials
Unraced Ole Kirk filly Jadzia and stakes-placed Wild Ruler colt Stretan Ruler will plot a path towards the $2 million Group 1 Sportsbet Blue Diamond Stakes (1200m) following trial wins at Sandown Hillside on Thursday.
Birchley Back to NZ for More Millions
Queensland trainer Liam Birchley is no stranger to success in the richest two-year-old race in New Zealand, the $1million TAB Karaka Millions 2YO (1200m), and he is hoping to replicate the winning feeling next weekend as he prepares to line-up a pair of quality fillies in the Ellerslie dash for cash.
Breeding to Win - 2026 Magic Millions 2YO Classic
The Gold Coast is the centre of the Australasian thoroughbred universe this week, abuzz with all the theatre and excitement of the Magic Millions on and off the track!
Hawker Hall Wins Last on Magic Day
James McDonald made the most of a late pick-up ride on Hawker Hall when he let the gelding rip from a wide barrier to run his rivals ragged in the $250,000 Magic Millions Class 6 Plate (1200m) at the Gold Coast on Saturday.