CTHRepealedLegislation
Petroleum Resource Rent Tax Assessment Regulation 2015
17Reduction of a capital cost
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17 Reduction of a capital cost
A capital cost for an integrated operation is reduced for a number of years by applying the formula: Image unavailable in extracted text where:
Capital allowance means the capital allowance for:
(a) in the case of paragraph 41(3)(b)—the MPC production year; and
(b) in the case of subsection 41(4)—the year of tax of the start date for the capital cost.
N means the number of years.