Tax officials have had an important victory over the global horseracing empire run by Dubai’s billionaire ruler Mohammed bin Rashid Al Maktoum, with the High Court ruling on Wednesday that it could not claim a tax exemption designed for farmers.
The court upheld a ruling in the NSW Court of Appeal that the “dominant use” of Godolphin’s properties in the Hunter Valley was for its horseracing activities, and it was not “primary production land”.
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Michael Pelly is the legal editor, based in our Sydney newsroom. He has been a senior adviser to federal and state attorneys-general and written two books, one a biography of former High Court Chief Justice Murray Gleeson. Email Michael at michael.pelly@afr.com
