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Tax certainty for farm-outs? presentation

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 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 capital management strategies. He sits on the Energy & Resources Working Group with the ATO and on the State Council for The Tax Institute. Current at 23 August 2016 Click here to expand/collapse more articles by Nick HEGGART.
 
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