MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
The base value of the * starting base asset , for an * MRRT year that is after the MRRT year in which the * start time for the asset happens, is:
(Preceding base value − Preceding decline in value) × Uplift factor
where:
preceding base value
is the base value of the asset for the preceding
*
MRRT year
.
preceding decline in value
is the decline in value of the asset, worked out under section
90-5
, for the preceding
*
MRRT year
.
* Long term bond rate for the preceding * MRRT year + 1.07
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