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
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- Ann: Tommy Lakes and Montney acreage sold for A$12 million
my understanding ( I’m not a lawyer or accountant) is that it is...
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12 | 5650250 | 0.004 |
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