Racing Industry Lawyers in Newcastle

Horse Racing Law Specialists

At Bale Boshev Lawyers in Newcastle, we can provide legal advice in all areas surrounding horse racing laws. Our senior solicitor, Paul O’Sullivan, has a wealth of knowledge surrounding thoroughbred laws, and has appeared for cases in racing tribunals and the High Court. Paul also serves as a director for the NSW Jockey’s Association and is more than happy to lend his expertise in the industry for all our clients.

Contractual Disputes & Other Litigation

Legal cases surrounding horse racing not only requires excellent legal skills, but also a thorough understanding of the industry. Our legal team has direct experience in the horse racing industry, and has provided legal help for leading boutique farms, internationally recognised studs, veterinarians, leading racehorse trainers and owners.

We understand disputes are often unavoidable in the thoroughbred industry. Our lawyers will go above and beyond to achieve the best possible resolution for you. We will negotiate terms, attend mediation and provide legal representation in racing tribunals and courts.

Debt Recovery & Taxation

Our lawyers will navigate the relevant laws to ensure you receive what you are owed. Our knowledge of the industry also means we can help you devise a payment strategy to minimise the need for chasing down debts in the future.

Taxation surrounding racehorses can be complicated. The team at Bale Boshev Lawyers will make sure you comply with all tax obligations, provide personalised advice and ensure you are adhering to regulations without overpaying.

Personal Injury & Negligence

If you are injured while riding in a race or as part of your work, you can be entitled to workers compensation. The legislation surrounding compensation differs between each state and territory, but our senior solicitor, Paul O’Sullivan, can help you no matter where you’re from. We can also provide a free initial case assessment and consultation, where we will review your situation and offer legal advice on your case.

Horse Syndication, Sales & Purchases

Any transaction involving a racehorse comes with a number of legal matters to consider. If you have no prior ownership experience, a lawyer can make sure you know everything you need to know to ensure you receive a fair transaction.

Understand your rights and responsibilities as a racehorse owner. We can help you apply and prepare for an Australian Financial Services Licence, and a Product Disclosure Statement to ensure all rules and regulations are followed.

Jockey Suspensions & Appeals

The suspension and appeal process in the horse racing industry varies by state. In NSW, all appeals must go through Racing NSW, and must be lodged within specific time limits. If you feel your suspension is unfair, our lawyers can provide legal representation and help you prepare for your hearing. We will obtain all the relevant paperwork and ensure correct procedures are followed at all times.

Horse racing law is a complicated area of law which will require lawyers who are experienced in the field. Bale Boshev Lawyers will be able to provide you the legal assistance you need. Contact us today for more information.

Frequently Asked Questions

How do I syndicate a horse?

Syndication is the process of selling shares in a racehorse, so the ownership of the horse is split between two or more owners. All syndicators must hold an Australian Financial Services License granted by the Australian Securities & Investments Commission.

When do you have to pay tax for your horse?

You must pay capital gains tax if the ATO considers your horse activities as a commercial business rather than a personal hobby. This includes if you engage in breeding, training and/or trading.

What’s capital gains tax?

When you sell your asset, such as horses, real estate or shares, you usually make a capital gain or a capital loss. This is the difference between how much you spent to acquire the asset, and how much you received when you sold it. When you make a capital gain, the amount is added to your assessable income and will be taxed by the ATO.

Are racehorses a personal use asset?

Yes. The ATO views race horses as a personal use asset, which means if you paid more than $10,000 for your horse, or share of the horse, you must pay capital gains tax if there is any gain on the sale of the horse.

What’s a Foal Identification Card?

You must have a Foal Identification Card if you want to register your horse as a racehorse. It is equivalent to a human passport and your horse cannot race until they are registered.

Talk to one of our lawyers today, and let us fight for you.