CA23650 | PMA: Short life assets: Leased assets

Section 87 CAA01

Plant or machinery provided for leasing other than special leasing (CA20040) can be a short life asset (SLA) if it appears that it will be used for a qualifying purpose (CA24110) during the designated period (CA24050).

A leased asset treated as an SLA on that basis may begin to be used other than for a qualifying purpose before the eight-year cut off. If that happens, SLA treatment ends and the balance in the SLA pool is transferred to the main pool.