06 Jun 2019 Capital allowances: review of assets used in aircraft industry
The ATO is reviewing the assets used in the aircraft manufacturing and repair services industry defined within ANZSIC code 23940 with a view to making new effective life determinations.
The purpose of the review is to ensure the ATO’s effective life determinations cover assets used by your industry and reflect current industry practices and expectations. The ATO’s determinations provide you with 'safe harbour lives'.
For more information on the review and how to participate, go here.