06 Sep 10 Capital allowances: effective life review of clay brick manufacturing assets
The ATO advises that it has started a review of the assets used in clay brick manufacturing with a view to making new effective life determinations. The ATO expects to complete its review within 12 months, with new effective life determinations applying from 1 July 2011. Draft effective lives will be issued for public comment well before final decisions are made. The ATO is seeking participation in the review process.