INCOME TAX ASSESSMENT ACT 1997 - SECT 40.725 What this Subdivision is about
INCOME TAX ASSESSMENT ACT 1997 - SECT 40.725
What this Subdivision is aboutYou get an immediate deduction for certain capital expenditure on:
• exploration or prospecting; and
• rehabilitation of mining or quarrying sites; and
• paying petroleum resource rent tax; and
• environmental protection activities.
40 - 730 Deduction for expenditure on exploration or prospecting
40 - 735 Deduction for expenditure on mining site rehabilitation
40 - 740 Meaning of ancillary activities and mining building site
40 - 745 No deduction for certain expenditure
40 - 750 Deduction for payments of petroleum resource rent tax
40 - 755 Environmental protection activities
40 - 760 Limits on deductions from environmental protection activities
40 - 765 Non - arm's length transactions