The tax treatment of expenditure on geothermal wells

Contents

Chapter 1:   Introduction

Summary of suggested legislative changes
How to make a submission on the suggested changes

Geothermal energy and power generation
Current tax law
The economic framework
The suggested tax solution

Amortising exploration drilling
Using an average success rate for exploration drilling
Working out the amortisation rate
When to begin amortising

Unsuccessful production drilling
When the right to develop a field is abandoned
Application date

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