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Your horse business, set up properly 🐴

A quick run-through so we can turn your horse world into a real, tax-smart business.

Read me first

What this is

This isn't tax advice — it's the homework. The big question is whether the tax office sees your horses as a business (where costs can be claimed) or a hobby (where they can't). A registered tax agent makes that call.

Fill this in and you'll walk into that accountant with everything ready — no wasted appointment. Rough answers are totally fine.

Part 1

The activity

What do you actually do with the horses? tap all that apply Which are the main ones / how would you describe it? How many horses right now, and what's each one for? compete / resell / breed / personal How long have you been doing this? Are you doing this to make a profit (a business), or is it a hobby you love?

To make a profit Hobby In between

What's the plan for how it makes money?

Part 2

Income

Any income so far? sales, prize money, stud fees, agistment — rough figures + dates Do you have records / receipts for sales? How are they kept? Business name / ABN yet?

Yes, have ABN No

Registered for GST?

Yes No Not sure

Part 4

Property

Where do the horses live now, and what do you pay? own land / agistment / leased The plan — rent a rural property, house the horses, run the business from it. How much land / stables / facilities do you need? Would that property be both home AND business? Roughly what % is horse/business vs living? Any lease / contract terms discussed yet?

Part 5

Structure & goals

How do you picture the structure?

Sole trader Company / trust Not sure

When do you want this set up properly by? Do you have an accountant / registered tax agent yet?

Yes No (need one)

Long-term — keep it lifestyle-scale or grow it?

Lifestyle (~10) Grow it big

Anything else we should know?

Here are your answers — copy them, or email them to Elevate.