New and Effective Lives of Plant Slashed by the ATO – Effective 1 July 2016
Following my previous Blog on December 15 – “Effective lives of Assets in Car Parking” , The ATO has once again been hard at work reviewing the effective lives of plant in particular property and other industry sectors. They have proposed to implement the following new determinations and be effective as of July 1 2016.
The ATO has researched and established new effective lives of depreciating assets for an industry sector named Robotic Milking Systems (which comes under the ANZSIC sector of Dairy cattle farming (ANZSIC code 01600).
Refer to this link, if this is of interest to you. Continue reading
We are celebrating our 30th year in business and our long association with Western Australian property and development dating back to the foundations of N&B in 1985, and last year we opened a Perth office.
We have worked in WA throughout our 30 year history without a formal office and during that time have serviced many WA clients working on billions of dollars of their WA projects.
In 1985 N&B introduced property depreciation deductions to many Perth based property investors and since then we have worked on a substantial database of Perth and WA properties, providing a variety of services including: