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ATO ID 2010/2 (Withdrawn)withdrawnchange

Capital allowances: holder of an intangible depreciating asset - mining, quarrying or prospecting right

Reasons for Decision

There is an intangible depreciating asset which is a right that an entity legally owns (the legal owner)

Another entity (the economic owner) exercises the right, or has a right to exercise it immediately

The economic owner has a right to become the right's legal owner

It is reasonable to expect that the economic owner will become the legal owner of the right ; or the right will be disposed of at the direction and for the benefit of the economic owner

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