16 June 2011
The Tax Commissioner has released a Determination setting out the effective life of certain depreciating assets for tax purposes.
The details set out in the Determination apply either from 1 January 2011 or 1 July 2011 depending on the asset involved.
Download the ATO ruling in PDF format by clicking here
and you'll be able to review the details by industry.
For information about how this affects you, contact us on (02) 9957 4033 for a confidential discussion about your specific business and circumstances.
This article is provided for information purposes only and correct at the time of publication. It should not be used in place of advice from your accountant. Please contact us on 02 9957 4033 to discuss your specific circumstances.