G'day from a newbe.

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Hi guys and gals, I found my way here searching on the tax situation for small gold miners and there was a very old thread on the subject that no longer looks active.

My son is getting involved with helping out a one man operation but knows less about his tax situation than I do.

Should the enquiry go into the General forum or is there a more specific forum?
 
If its a mining lease and small scale gold mining company you are subject to company tax rulings.
If its a hobby its tax exempt.
If your son is working for a wage he would be subject to PAYG tax system.

Pretty much explains the 3 possible situations from a tax perspective.
 

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