Deductions Finance Investment

The income tax considerations faced by junior explorers

Source: Victoria

Published Date: 18 Sep 2012

 

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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.

Individual Session

The income tax considerations faced by junior explorers

Author(s): Jason Barnes CTA

Details

  • Published By: Jason Barnes CTA
  • Published On:18 Sep 2012
  • Took place at:RACV Club, Melbourne

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Deductions Finance Investment M&A Resource taxes 2012

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