Racing NSW fails to show it’s a charity

Racing NSW fails to show it’s a charity

NSW’s premier horse racing body has tried to
avoid a six-figure tax bill by arguing it is a charitable
organisation helping to educate and lift people from
poverty. Racing NSW, the state’s regulating body
for thoroughbred racing, has for almost two years
argued it should not have to pay a $226,000 stamp
duty bill on a 2600-acre property near Capertee
north west of Sydney. The property, bought in June
2017 for $5.1 million, is designed to rehabilitate,
retrain and rehome thoroughbreds after their                 
racing careers. Racing NSW’s application for a
full or partial exemption available to charitable or
benevolent bodies was rejected by the NSW Civil
and Administrative Tribunal on Friday. But NCAT
member John Currie noted the tax exemption
could not apply given the intended use of the
property and rejected the claims, saying: “Racing
NSW’s resources are not, in accordance with its
rules or objects, used wholly or predominantly for
the relief of poverty in Australia or for the promotion
of education in Australia.”

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