Since 2016, the ATO have continued to target taxpayers who have invested in what they term “Lifestyle Assets”. It is no great surprise that they classify “thoroughbred horses” as part of these targeted lifestyle assets.
A $1.25million yearling colt by Zoustar, Northern Eyes didn’t make the grade as a sire prospect but the now four year-old gelding has hit a purple patch of form for his new trainer Kim Waugh after being snapped up on Inglis Digital for $155,000 in March this year.
