CA50830 - MEA: Group transfers: interest in
land
Where the mineral asset to which CAA01/S412 applies is an
interest in land, and a restriction of qualifying expenditure is
needed under CAA01/S404 (exclusion of undeveloped market
value):
- references in Section 404 to the time of
acquisition are treated as references to the time of acquisition by
the transferor and not the transferee,
- by the earliest transferor if there is a
sequence of intra-group transfers.
