If you have an economic interest in mineral property or standingtimber, you can take a deduction for depletion. More than one personcan have an economic interest in the same mineral deposit or timber. You have an economic interest if both of the followingapply. - meilleurs hotels critiques KarlstadYou have acquired by investment a legal interest in mineraldeposits or standing timber.
- You have the right to income from the extraction of themineral or cutting of the timber, to which you must look for a returnof your capital investment.
A contractual relationship you have that allows you an economicor monetary advantage from products of the mineral deposit or standingtimber is not, in itself, an economic interest. A production paymentcarved out of, or retained on the sale of, mineral property is not aneconomic interest. |
