MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 3 - MRRT ALLOWANCES  

PART 3-5 - STARTING BASE ALLOWANCES  

Division 90 - Declines in value of starting base assets  

Subdivision 90-A - How to work out the decline in value of a starting base asset  

SECTION 90-10   90-10   WRITE OFF RATES UNDER THE BOOK VALUE APPROACH  
If, under Division 85 , the book value approach is the valuation approach for the mining project interest, the write off rate of the * starting base asset for an * MRRT year is:


Write off rates under the book value approach
Item For this * MRRT year The write off rate is :
1 the * MRRT year in which the * start time for the asset happens 36 %
2 the first * MRRT year commencing after the * start time 37.5 %
3 the second * MRRT year commencing after the * start time 37.5 %
4 the third * MRRT year commencing after the * start time 60 %
5 the fourth * MRRT year commencing after the * start time 100 %




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