Standout yearlings at Karaka or Christchurch 2025
11 December 2024
New investors in standout yearlings (thoroughbred and standardbred), acquired with the intention to breed in the future for profit, will be able to claim income tax deductions as if they had an existing bloodstock breeding business. Investors will also be taxed if the standout yearling is subsequently sold.
Standout standardbred yearlings
A standout standardbred yearling must be acquired at National Standardbred Yearling Sales, Auckland or Christchurch 2025 and cost more than:
|
Fillies |
Colts |
|
$130,000 |
$154,000 |
The new investor can claim income tax deductions if they acquire a yearling through a syndicate that is set up for breeding, or the yearling is subsequently syndicated following its purchase at Karaka 2025 Book 1 or National Standardbred Yearling Sales, Auckland or Christchurch 2025.
To be eligible for deductions, the investor must provide us with evidence within 4 months of acquisition that they intend to make a profit from breeding the high-priced yearling.
https://www.ird.govt.nz/updates/news-folder/2024/standout-yearlings-at-karaka-or-christchurch-2025
