Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“The provision sets the tax rate on the realised value at 10% for mining rights or interests in mining rights, and 5% for land and shares.”
The provision sets the tax rate on the realised value at 10% for mining rights or interests in mining rights, and 5% for land and shares. This section amends section six of the principal Act by deleting paragraph (d) and replacing it with new wording about public benefit organisations or trusts listed under the Income Tax Act.
02
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- 01
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- 02
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03
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The provision sets the tax rate on the realised value at 10% for mining rights or interests in mining rights, and 5% for land and shares.
Section 4
This section amends section six of the principal Act by deleting paragraph (d) and replacing it with new wording about public benefit organisations or trusts listed under the Income Tax Act.
Section 5
04
Source and current-law status
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