05 Jun 12 Capital allowances: reviews to begin
The ATO has announced that it is commencing the following reviews of effective lives:
- Prefabricated concrete product assets
- Paint and coatings manufacturing industry assets
- Railway locomotive and rolling stock design, engineering and manufacturing industries
The ATO expects its review of these assets to be completed within 12 months, with new effective life determinations applying from 1 July 2013.