CA50650 - MEA: Second-hand assets: expenditure on mineral asset: no previous trader
Where there is no previous trader CAA01/S409 restricts the amount to be treated as expenditure on mineral exploration and access attracting the 25% writing down allowances rate. »Ê¹ÚÌåÓýapp limit is the amount of the expenditure incurred by the seller on mineral exploration and access in so far as the asset acquired represents that expenditure.
»Ê¹ÚÌåÓýapp balance of the acquisition cost qualifies at the 10% writing down allowance rate.