Commentary

B3.405 Definition of terms

Business tax
Business tax | Commentary

B3.405 Definition of terms

Business tax | Commentary

Qualifying expenditure

B3.405 Definition of terms

Mineral deposits are any natural deposits capable of being lifted or extracted from the earth; geothermal energy is treated as a natural deposit1. Mineral deposits must be of a wasting nature2. The inclusion of geothermal energy is a feature introduced by the revised code.

A source of mineral deposits includes a mine, an oil well and a source of geothermal energy3.

A mineral asset is any mineral deposits or land comprising mineral deposits and any interest in or rights over such deposits or land4.

A mineral extraction trade is a trade consisting of, or including, the

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