MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
PART 3-5 - STARTING BASE ALLOWANCES
Division 90 - Declines in value of starting base assets
Subdivision 90-B - Base values under the book value approach
SECTION 90-20
90-20
APPLICATION OF THIS SUBDIVISION
This Subdivision applies to a
*
starting base asset
relating to a mining project interest if, under Division
85
, the book value approach is the valuation approach for mining project interest.
Note:
A base value for an MRRT year during which the asset " rejoins " the starting base after a starting base adjustment event happened is worked out under section 165-60 .
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