TURN YOUR INVESTMENT INTO SUCCESS
BLOODSTOCK AND HORSE INVESTMENT SERVICES
Much of New Zealand’s proud heritage of success throughout the world in racing circles is down to our robust breeding industry. Diprose Miller knows that many breeding successes start with the purchase of a filly that has the opportunity to succeed as a broodmare, and the selection of a suitable stallion.
Diprose Miller is fortunate to have bloodstock and equine specialists on our team of chartered accountants. With many years’ experience guiding clients through bloodstock and breeding investments, we can help you make the right decision and turn your investment into a success.
SYNDICATE STRUCTURE ADVICE
Racing a horse is an exhilarating experience, one that is sometimes best shared with a couple of friends or within a larger syndicate. A syndicate is ideal for an entry level experience where you can nominate your level of ownership and therefore the monthly cost to you. Most trainers have syndicates available with various degrees of ownership. Diprose Miller can help you establish a syndicate or advise you upon entering one, providing you with the right documents to secure your investment.
BROODMARE AND FOAL INVESTMENTS
Knowing the potential value of your investment is an important part of any business venture. The same applies when entering New Zealand’s equine breeding industry. First you will need to acquire a filly or mare, preferably one that has already performed at the races and has a second chance of success as a broodmare. You will then need to select the services of a suitable stallion. There are many stallions standing in New Zealand and Australia that will suit your purposes, but it usually boils down to the cost and whether you are breeding to race the progeny yourself or sell.
If you are looking to invest in broodmares and foals, talk to the chartered accountants at Diprose Miller so you can be sure you’re making the right decision.
Racing a horse is not in itself a taxable deduction. However, you may be able to claim expenses of racing your horse as a business activity if the activity is ongoing and part of a wider breeding activity. It is important to understand that involvement in the racing industry comes with risks and implications of GST and Income tax registration, but the experienced team at Diprose Miller will be able to help you analyse your investment and make the experience as enjoyable as possible.