shopping_cart

Your shopping cart is empty

Tax certainty for farm-outs? presentation

Member Price: Free
Non Member Price: $15.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 26 Aug 11 by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE

This presentation covers:

  • GST commenced 1 July 2000
  • UCA regime commenced 1 July 2001
  • treatment of farm-outs under these regimes uncertain since
  • MT 2011/D1 - Issued 27 July 2011 - Applies to immediatefarm-outs
  • MT 2011//D2 - Issued 24 August 2011 - Applies to deferred farm-outs
  • helpful but some questions unanswered
  • Implications for PRRT?
  • potential issues re interaction between MRRT and stamp duty.

Author profile

Richard Heggart CTA
Nick Heggart, CTA, is a Partner at Herbert Smith Freehills in Perth. He provides clients with advice in relation to income tax, stamp duty, petroleum resource rent tax and royalties, with a particular focus on clients in the energy and resources sector. - Current at 24 November 2022
Click here to expand/collapse more articles by Nick HEGGART.

 

Individual sessions

Tax certainty for farm-outs?

Author(s):  Nick HEGGART

Materials from this session:

Further details about this event:

 

Copyright Statement