Where to start with an Australian legal problem: plain-English guides, with the legislation and case law behind them.

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Where to start with an Australian legal problem: plain-English guides, with the legislation and case law behind them.

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Section 18 - Petroleum Resource Rent Tax Assessment Regulation 2015 - Capital allowance | Zoe

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Petroleum Resource Rent Tax Assessment Regulation 2015

18Capital allowance

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Turn the raw legal text into a practical explanation grounded in Petroleum Resource Rent Tax Assessment Regulation 2015.

The capital allowance, for a financial year, is calculated using the formula: Image unavailable in extracted text

Previous section17Reduction of a capital cost

Next sectionPart 2Assessable petroleum receipts