Capital allowances: draft effective lives of assets used in the wool scouring industry
Happy New Year 2017 and we are off and at again, as to the ATO. The below is an update the ATO reviewed over Xmas for all our clients in the Wool Industry. These new effective lives will be introduced in July 2017.
If you have any concerns on your properties and have bought, built or demolished in the last 12 months, you may not be maximising the capital allowances deductions with the latest rates.
Please do not hesitate to give us a call and good luck for the year ahead.
They are seeking your comments on the draft list of effective lives we are releasing for assets used in the wool scouring industry.
Comments are open until 24 February 2017. Continue reading