Equine Industry Tax

Australia is one of the great horse racing countries of the world, a fact that has come into sharp focus due to the world class performances of many of its racehorses on the world stage over the last 25 years.

The thoroughbred breeding and racing industry is unique in many ways, especially in relation to its income tax and Goods and Services (GST) rules. Whether you are a foreign investor looking to enter the Australian market, or a domestic entity operating in the equine industry, we can help you navigate this thriving industry.

Through the leadership and expertise of Paul Carrazzo, the highly experienced team of professionals at Baumgartners are the premier provider of equine tax and financial services in Australia. We can also assist internationally through our membership of the Alliott Global Alliance.

Paul has been providing comprehensive accounting and taxation services to the racing and equine industries for over 30 years and is widely regarded as a leader in this field.

An attractive option for foreign investors  

The horse breeding industry is flourishing due to rising discretionary incomes and an increase in online auctions. Generally, the Australian horse tax system is inviting and favourable to foreign investors compared to our global competitors.

Baumgartners advise many overseas clients on foreign investment in the Australian equine industry including from Asia, the UK, Ireland, NZ, South Africa and the USA. Our team can help you maximise this attractive opportunity.

We can help you with

• Taxation returns and compliance
• Foreign investment in Australia racing
• Goods and Services Tax (GST)
• Due diligence
• Financial reporting and management
• Business or hobby consulting
• Taxation structuring and advice
• ATO private rulings
• Double tax treaty implications
• Trading stock concessions and schedules
• Business plans
• Tax audits and controversy
• Budgeting and break-even analysis
• Primary production rules and concessions
• Syndication rules
• Capital Gains Tax
• Property taxation
• Bookkeeping and BAS