PETROLEUM RESOURCE RENT TAX ASSESSMENT REGULATIONS 2005 (REPEALED)

PART 2 - DEFINITION PROVISIONS  

REGULATION 11  

11   AUGMENTATION OF A CAPITAL COST  
A capital cost for an integrated operation is augmented for a number of years by applying the formula:

Capital cost × (1 + Capital allowance) N

where:

Capital allowance
is:

(a) for subregulation 33(2) - the capital allowance for the final cost year; and

(b) for subregulation 34(3) - the capital allowance for the production year; and

(c) for subregulation 35(3) - the capital allowance for the production year; and

(d) for paragraph 35(4)(a) - the capital allowance for the MPC production year.

N
is the number of years.