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We are releasing a draft list of effective lives for assets used in the ready-mixed concrete manufacturing industry. We seek comment on the proposed lifetimes.
We propose to add the following list of effective life determinations to the Commissioner's schedule to apply to new assets purchased and first used, or installed ready for use, on or after 1 July 2014 (within the meaning of section 40-95 of the Income Tax Assessment Act 1997).
DATE OF APPLICATION
Ready-mixed concrete assets:
1 Jul 2014
If you have an interest in these draft effective lives, we invite you to comment. If you disagree with a proposed effective life, tell us why a different effective life should be recommended.
Send your comments or questions to John Di Francesco by 31 January 2014 via:
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