Deductions Finance Investment

The income tax considerations faced by junior explorers

Source: Victoria

Published Date: 18 Sep 2012

 

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

The presentation 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.

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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

The material is copyright. Apart any fair dealing for the purpose 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.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))

("TTI")

The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

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Deductions Finance Investment M&A Resource taxes 2012

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