HEADLINE STORY
Key Insights: 1. Carried-forward revenue losses reduce taxable income and can be critical in keeping adjusted taxable income below the $250,000 threshold for non-commercial loss purposes. 2. Revenue losses carried forward from prior years are distinct from deferred non-commercial losses and are allowable deductions when calculating adjusted taxable income. 3. Misunderstanding how adjusted taxable income…
Key Insights: 1. Carried-forward revenue losses reduce taxable income and can be critical in keeping adjusted taxable income below the $250,000 threshold for non-commercial loss purposes. 2. Revenue losses carried
Back in May of this year I was very pleased to share details of a tax case that held that a farmer need not pay Capital Gains Tax (CGT) on
Thoroughly Schooled is an introductory discovery program designed to give students a hands-on insight into the Thoroughbred horse industry. TBNSW partners with the HTBA, Training Services NSW, and Racing NSW to
Office location:
HVERC, Suite A.02
Randwick Way, Scone NSW
Postal: PO BOX 130, SCONE NSW 2337
Phone: (02) 5504 3818
Email: info@tbnsw.com.au
Executive Officer: Ms Kirsten Tydd
Join TBNSW and be part of the thoroughbred community. Membership is open to all, not just registered breeders. Join today and engage with the industry’s leaders!
