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ATO Still has Racehorses In Its Sights – Racehorse Ownership
https://racehorseownership.com/2019/08/30/ato-still-has-racehorses-in-its-sights/
Since early 2016 we have regularly updated the racing industry about the ATO’s “Lifestyle Assets” data matching project it initiated at that time. The ATO warned Accountants that they intend to request information from insurance providers in relation to capturing the ownership of ‘lifestyle’ assets including boats, planes, cars and ...
The Horseracing Industry: Drugs, Deception and Death
https://www.peta.org/issues/animals-in-entertainment/animals-used-entertainment-factsheets/horseracing-industry-drugs-deception-death/
The Horseracing Industry: Drugs, Deception and Death. They weigh at least 1,000 pounds, have legs that are supported by ankles the size of a human’s, and are forced to run around dirt tracks at speeds of more than 30 miles per hour while carrying people on their backs. 1 Racehorses are the victims of a multibillion-dollar industry that is ...
Horseracing Industry | Own A Racehorse
http://own-a-racehorse.crowdfundhq.com/pages/horseracing-industry
In 2009 horse racing paid R694m in direct and indirect taxes of which 28% was paid to provincial governments and 72% to the national government. Between 2002 and 2009 horse racing paid a total of R4.3bn in taxes. Horse racing is a labour intensive industry. In 2009 horse racing directly employed 12 537 people.
Ato - Horse
https://www.horseracingnation.com/horse/Ato
Ato horse rating and status. See who is a fan of Ato. Kentucky Derby. Kentucky Derby 2022 Contenders - Road to the Derby - Derby Prep Replays - Derby Radar. Triple Crown Races - Kentucky Derby - Preakness Stakes - Belmont Stakes. Kentucky Derby News. Preakness Stakes News. Belmont Stakes News. History (1875-2021 Derby Results & Videos)
Can a Racehorse Beat the ATO? | Tax Strategies
https://taxfitness.com.au/Tax-Strategies/owning-a-racehorse
Capital gains tax exemption applies if the horse, or share in the horse, costs $10,000 or less. Racehorses (as personal use assets) do not form part of the small business CGT concession 'net assets' calculation.Normal capital losses can be offset against a capital gain on a racehorse sale. The tax benefits of owning a racehorse(s) as a business:
U.S. Horse Racing Betting Industry Handle Surges to …
https://www.americasbestracing.net/the-sport/2022-us-horse-racing-betting-industry-handle-surges-highest-years
In fact, according to economic indicator data recently released by Equibase, the U.S. horse racing industry just recorded its largest annual wagering handle numbers since 2009. It’s important to note that this occurred across over 30% fewer races overall. Total wagering handle topped $12.2 billion in 2021, an 11.86% increase over 2020. U.S ...
Thoroughbred Tax Consultants - Horse Racing Industry Taxation
http://thoroughbredtax.com.au/ato_audit_horse_taxation.html
ATO Audit. Recent ATO crackdown on the Australian Horse Industry has highlighted the need to ensure your activities are complying with current taxation laws. ATO directives are not clear-cut and Breeders, Owners, Trainers and Jockeys could be led to believe they are not complying without sufficiently researching and defending their position.
ATO Notices - Racing New South Wales
https://www.racingnsw.com.au/guide-to-racing/careers-training/ato-notices/
The Australian Taxation Office has recently released an information guide for the racing industry called GST for the Racing Industry (NAT 13425-06.2005). The information below will help you locate an electronic version of the guide from the ATO website. Go to www.ato.gov.au and then select: Your industry type; Business; Racing and gambling, and
Is the Sport of Horse Racing a Dying Industry?
https://horseracingsense.com/is-sport-horse-racing-dying-industry/
The sport of horse racing isn’t dying, but it’s been on life-support. In 2020 the horse racing industry lost over five billion dollars compared to prior years, and its popularity declined. But the dwindling interest doesn’t mean it’s dying; people still bet and watch horses racing in great numbers. The horse racing industry was under ...
GST for the racing industry - E-quine
https://www.e-quine.com.au/assets/ATO%20GST%20Racing%20Industry.pdf
RACING INDUSTRY AUDIENCE GUIDE FORMAT NAT 13425-07.2007 PRODUCT ID GST for the racing industry ... Visit www.ato.gov.au To fi nd any of the rulings referred to in this guide visit www.ato.gov.au and select Rulings, law and objections – Public Rulings. NN13425-06-2007.indd i13425-06-2007.indd i 227/6/07 2:44:57 PM7/6/07 2:44:57 PM.
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