RaceCafe..#1...Tipsters Thread.... Share Your Fancies For Fun...Lets See Who The Best Tipsters Here Are.
jeepers

Payment After sales.

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It is interesting that Inglis take six weeks to pay for a horse sold at their sales whereby if one sells cattle at any sale in Aust the stock firm must pay within fourteen days,by law.What is NZB's payment time?

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New Zealand Bloodstock generally pay for the yearling sales on about 6th March.  One unusual thing is that if the horse is bought by a New Zealander the GST thereon (if the sale is dated January) is due to be paid to the tax man on 28th February, but the cash does not come through until about 6th March.  A bit tough.

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Yes these Bloodstock firms are a bit tough and yet when you're buying they want their money straight away. Obviously they must invest at a daily rate our money and with the millions at stake gives them a handsome reward.

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