Commentary

B5.650 Mineral exploration and access—rule applying to intangible costs

Business tax
Business tax | Commentary

B5.650 Mineral exploration and access—rule applying to intangible costs

Business tax | Commentary

Mineral exploration and access

B5.650 Mineral exploration and access—rule applying to intangible costs

'Mineral exploration and access' means searching for and discovering and testing the mineral deposits of a source or winning access to such deposits1.

There is a rule which deals with expenditure incurred by a trader on mineral exploration and access in an area or a group of sands where the presence of mineral deposits in commercial quantities has already been established in that area. Such expenditure is only allowed as a deduction in computing trading profits if it would have been allowed if the presence of mineral

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