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18 Jun 08 Capital allowance effective lives reviews

The ATO has announced the following reviews of capital allowance effective lives:

- Capital allowances: effective life review of hairdressing and beauty services assets
- Capital allowances: effective life review of soft drink, syrup and cordial manufacturing assets

The ATO expects its review of these assets to be completed within 12 months, with new effective life determinations applying from 1 July 2009

- Capital allowances: effective life review of sugar manufacturing assets
- Capital allowances: effective life review of building and other industrial cleaning service assets
- Capital allowances: effective life review of meat processing assets

The ATO expects its review of these assets to be completed within 18 months, with new effective life determinations applying from 1 January 2010.

Draft effective lives will be issued for public comment well before final decisions are made.

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