MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 6 - INTERPRETING THIS ACT

PART 6-2 - MEANING OF SOME IMPORTANT CONCEPTS

Division 250 - Meaning of hold

Guide to Division 250

SECTION 250-1

250-1 WHAT THIS DIVISION IS ABOUT

The concept of hold is relevant to:

(a) determining who is entitled to a starting base loss for an asset; and

(b) determining depreciation amounts relevant for the alternative valuation method; and

TABLE OF SECTIONS

**TABLE OF SECTIONS**
Operative provisions
250-5	Meaning of *hold*
250-10	When certain starting base assets are held
250-15	Things that are jointly held