• Service: Tax, Topics, 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
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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.


Resource Taxation

Resource Taxation
We look at the resource tax landscape which is experiencing significant change with the repeal of the MRRT and amendments to 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.