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My Client: The Junior Explorer

Published on 18 Sep 2012 | Took place at RACV Club, Melbourne , VIC

    This seminar looked at the tax implications for your clients who are junior explorers. The seminar provided an overview of general considerations together with an in-depth look at the issues facing such companies as they expand overseas.
    The seminar covered:
    Part I: General considerations
  • deductibility of exploration costs
  • impact of capital raisings
  • employment tax issues (shares and options issued to employees and directors)
  • implications of farm-ins and farm-outs
    Part II: Offshore expansion
  • structuring offshore exploration activity
  • deductibility of head office costs
  • treatment of funding offshore activities
    Part III: Resource Taxes
  • overview of the MRRT and PRRT regimes
  • implications for junior explorers.

Individual sessions

The income tax considerations faced by junior explorers

Author(s):  Jason BARNES

This paper looks at the tax implications for your clients who are junior explorers. The paper provides an overview of general considerations together with an in-depth look at the issues facing such companies as they expand overseas.

The paper covers:

  • Part I: General considerations
    • deductibility of exploration costs
    • impact of capital raisings
    • employment tax issues (shares and options issued to employees and directors)
    • implications of farm-ins and farm-outs
  • Part II: Offshore expansion
    • structuring offshore exploration activity
    • deductibility of head office costs
    • treatment of funding offshore activities
  • Part III: Resource Taxes
    • overview of the MRRT and PRRT regimes
    • implications for junior explorers.
Materials from this session: