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09 Jun 11 Capital allowances: effective life review of tea manufacturing and packaging assets

The ATO advises that it has started a review of the tea manufacturing industry as defined by ANZSIC code 11990, with a view to making new effective life determinations. The review is expected to be completed within 12 months, with new effective life determinations applying from 1 July 2012. Draft effective lives will be issued for public comment before final decisions are made.

For more information go here.