Details

  • Service: Tax, Special Interests, Tax Reform, Resource Taxation
  • Industry: Energy & Natural Resources, Mining, Oil & Gas
  • Type: Business and industry issue
  • Date: 16/05/2012

Tax in Focus: Farm-out arrangement rulings 

KPMG provides analysis of the income tax and GST implications for both farmors and farmees on the application of the income tax and goods and services tax (GST) to immediate and deferred transfer farm-out arrangements.
Tax in Focus: Farm-out arrangement rulings cover
Download Now
PDF files require Adobe Reader to view
Download Adobe Reader

Key insights

  • Time of transfer
  • Farmor’s tax position
  • Farmee’s tax position
  • Market valuation
  • Capital gains provisions
  • Application of GST.

 

For further information please speak with your KPMG adviser or one of the KPMG professionals listed on our Brief.
 

Contact us

Contact KPMG to find out more about our services or industry experience.

Resource Taxation

Resource Taxation
We explore the resources taxation landscape, which has experienced significant change with the introduction of the MRRT and extension of the PRRT.

Energy & Natural Resources

KPMG’s ENR practice provides a wide array of audit, tax and advisory services to all key sectors including Mining and Oil & Gas.

  • Subscribe to related feeds