CA23650 - PMA: Short life assets: Leased assets

CAA01/S87

An asset provided for leasing can be a short life asset (SLA) provided that it appears that it will be used for a qualifying purpose during the designated period. A leased asset treated as a 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.