Receipts which are not assessable receipts

Some receipts are not assessable for PRRT purposes, particularly those receipts that relate to expenditure which has been categorised as excluded expenditure for PRRT purposes. Examples include all of the following:

  • amounts received as loans, or in respect of loans made
  • receipts of interest and capital repayments received from borrowers
  • share capital received as shareholders' funds
  • dividend or bonus shares received from associated companies
  • private override royalty income
  • proceeds from the sale of interests in an exploration permit, retention lease or production licence.

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PRRT deductible expenditure  

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    Last modified: 13 Jan 2014QC 27323