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Ann: Tommy Lakes and Montney acreage sold for A$12 million, page-83

  1. Mondo1960
    940 Posts.
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    02/09/23
    17:18
    Post #: 69704630
    my understanding ( I’m not a lawyer or accountant) is that it is not income and hence not taxable
    it is a capital return and as such reduces you capital cost so when you sell your reduced cost is the figure you use to calculate capital gains or loss
    not advice just my understanding
    CE1 Price at posting: 9.4¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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