MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
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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