Carrazzo Media Release

Welcome to the new tax year!

Let’s start the 2016 tax year with some positive tax news with a discussion of the generous mare and stallion write-off rules relating to eligible breeding stock. In tax world, these are referred to as the “special closing value” rules.

Carrazzo Consulting is regularly asked to review the horse tax accounts of breeders and it still amazes me as to how poorly these rules are applied by the general tax community, so let’s hope this contribution clarifies the many misinterpretations of these rules that are out there.

The arrival of Northern Meteor's dual Group I winning son Zoustar to stand alongside red hot stallion Written Tycoon is proof of Woodside Park Stud's commitment to the Victorian breeding industry.

After covering a stellar book of 185 mares and with exceptional fertility at Widden Stud last season, Zoustar's arrival at Woodside gives Victorian Breeders an opportunity to breed to this exciting young stallion without sending their mares to New South Wales.

In an innovative partnership between Woodside and Widden, Zoustar will spend alternate seasons at their respective farms for his first four seasons at Stud.

His service fee remains at $40,000 plus GST.

The outstanding run of stakes winners by the progeny of Woodside resident stallion Written Tycoon has resulted in an increase in his 2015 service fee.

With five individual stakes winners in February: It Is Written, Stoker, Tycoon Tara, Vibrant Rouge and Written Dash and his current yearling crop from his season in Queensland averaging nearly $90,000, Written Tycoon is already in high demand for the forthcoming season.

In a breeding coup for Queensland, the historic Lyndhurst Stud at Warwick in association with Yarramalong Park will stand Better Than Ready for the 2015 season. With 8 wins including 4 Stakes wins & a Group 1 placing this high class sprinting son of More Than Ready also ran other incredible times. He followed up his Randwick course record with 1200m in 1.8.96 under 60.5kg and 1000m in 56.88 under 60.5kg at Eagle Farm. Better Than Ready easily won his first 2yo start after overcoming difficulties in 58.16 for a 1000m on a dead 5 track. Clearly, Better Than Ready demonstrated exceptional ability and will be a wonderful addition to the Lyndhurst roster.

Bred along similar lines to the highly successful Sebring, Better Than Ready’s first three dam sires are champion world class sprinters. His dam is the winner of 5 races; his grand dam is a stakes winner as his third dam. He is a striking, athletic almost black stallion, who is physically and genetically compatible with a large proportion of the Australian broodmare population, especially the Danehill and Danzig lines.

Newhaven Park's lovely homebred filly Peeping became the 123rd stakeswinner by champion sire Redoute's Choice when she won Saturday's $125,000 ATC Sebring S. 1200m LR, registered as the Darby Munro Stakes.

It was the 3YO filly's third win from five starts and followed a good second placing behind Nayeli in the ATC Fireball S. LR at Randwick two weeks ago.

Peeping's trainer Ron Quinton said, "The first time I saw her I said this is a racehorse.

"The speed was drawn inside us and Sam [Clipperton] gave her a great ride...She’s only lightly framed but she’s got plenty of guts.”

Quinton added that the $200,000 P.J. Bell S. G3 on 4 April, the first day of The Championships, is Peeping's next target. She is also nominated for the $500,000 Arrowfield 3YO Sprint G2 on Day 2 of The Championship, 11 April.