CU 20: Mining company or mining holding company liquidated
You could also call this:
“Tax rules for liquidated mining companies now align with other companies”
When a mining company or mining holding company is liquidated, there used to be special rules about how this affected their taxes. However, these rules no longer apply. The government removed these rules on 1 April 2014. This means that from the 2014-2015 tax year onwards, mining companies that are liquidated are treated the same as other companies for tax purposes.
“Explanation of 'income from mining' removed from tax law in 2014”
Part C
Income
Income from mineral mining:
Definitions
CU 20Mining company or mining holding company liquidated (Repealed)
Notes
Section CU 20: repealed, on (applying for the 2014–15 and later income years), by section 14(1) of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014 (2014 No 4).
