MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-1 - MINING PROJECT INTERESTS  

Division 115 - Combining mining project interests  

Subdivision 115-B - When mining project interests are combined  

SECTION 115-30  

115-30   TRANSFERABILITY OF MINING LOSSES  
An existing mining loss that relates to one of the constituent interests complies with this section if:


(a) under subsection 100-20(1) (available mining losses), the existing mining loss could be applied in working out a * transferred mining loss allowance for each of the other constituent interests for the * MRRT year if:


(i) the year were to end at the combining time; and

(ii) subsection 100-20(2) were disregarded; and


(b) in a case where one or more of the constituent interests is a combined interest under a previous application of this Division - section 115-60 does not prevent the existing mining loss from being so applied.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.