5 April 1991 T.I. (Tax Window, No. 3, p. 6, ¶1268)

RC's assessing policy that under a farm-out it is not possible to ascertain the value of the consideration flowing between the parties and,...

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Unde a widespread farm-out RC will consider the value of the non-contiguous property received by the farmee to be a reimbursement to the farmee...

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