Published on 17 Oct 12
by NATIONAL DIVISION, THE TAX INSTITUTE
With rulings on the income tax and GST treatment of farm-outs now having been finalised, this paper revisits the rulings and addresses some unanswered questions, such as:
- Do the rulings apply to my arrangement?
- What are the tips and traps?
- Is it possible to apply the rulings practically?
- What about MRRT, PRRT and stamp duty?
Nick Heggart, CTA, is a Director in the Perth office of Greenwoods & Herbert Smith Freehills. Nick provides clients with advice in relation to a broad range of tax issues including advice on M&A, demergers and capital management strategies. He sits on the Energy & Resources Working Group with the ATO and on the State Council for The Tax Institute’s WA Division.
- Current at
26 March 2018