As we strive for never ending perfection in our professional lives we should not overlook the fact that 'effective life' is given meaning with tax laws. In fact it is so good that we can even determine our own effective life! Well OK, so it relates only to income producing assets but at least it may give us some degree of 'discretion' in determining the dues owed to the taxman!
This seminar looked at critical issues for capital allowances and black hole expenditure deductions. In an era where we so often rely on our computer software to calculate the entitlements attaching to capital assets, it's a subject that can reward quite well if time is taken to understand the detail.