MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]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
  • (c) entitlement to pre-mining project interests.

  • 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




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