CTHRepealedAct
Minerals Resource Rent Tax Act 2012
175‑45 Return on capital costs175‑45 Return on capital costs
Start here
Get a plain-English read of 175‑45 Return on capital costs
Turn the raw legal text into a practical explanation grounded in Minerals Resource Rent Tax Act 2012.
#### 175‑45 Return on capital costs
(1) The return on the miner’s capital costs for the \*MRRT year is as follows:
where:
> total adjustable values is the sum of the amounts that would be, for that year, the \*opening adjustable values of the assets to which section 175‑40 applies if the assumptions mentioned in subsection (3) of that section were made.
(2) However, that amount is reduced to the extent (if any) that, during the year, those assets are not used, \*installed ready for use or being constructed for use in operations that satisfy paragraphs 175‑40(1)(b) and (c).