Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
EZ 6: Reduction: broodmare previously used for breeding in New Zealand: pre-1 August 2006
or “Calculating tax value for older NZ breeding horses”
You could also call this:

“Minimum prices for buying different types of young racehorses in 2019”

For the 2019 calendar year, you need to know about the national minimum price threshold for different types of bloodstock. This threshold is set for different classes of bloodstock, which you can find in schedule 18C.

The thresholds are:

For standardbred yearlings:

  • Fillies: $84,000
  • Colts: $119,000

For thoroughbred yearlings:

  • Fillies: $467,000
  • Colts: $402,000

These prices are the lowest amount that can be paid for each type of bloodstock in 2019.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

Next up: EZ 7: Acquiring patent rights before 1 April 1993

or “Rules for tax deductions on patent rights bought before April 1993”
Next

Part E Timing and quantifying rules
Terminating provisions

EZ 6BNational minimum price threshold for 2019 calendar year

  1. The national minimum price threshold for the 2019 calendar year for each class of bloodstock set out in schedule 18C, column 2 (Breeds and classes of bloodstock) is set at—

  2. $84,000 for standardbred yearling fillies; and
    1. $119,000 for standardbred yearling colts; and
      1. $467,000 for thoroughbred yearling fillies; and
        1. $402,000 for thoroughbred yearling colts.

          Notes
          • Section EZ 6B: inserted (with effect on 1 January 2019), on , by section 183 of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).