Taxation Ruling

TR 2020/3

Income tax: effective life of depreciating assets (applicable from 1 July 2020)

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    This Ruling, which applies from 1 July 2020, replaces TR 2019/5 (see paragraph 5 of this Ruling for further details).

R

R
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Rainwater tanks:
    Galvanised steel 25     *     1 Jul 2019
    Polyethylene 15     *     1 Jul 2019
Refrigeration assets:
    Compressors, condensers, evaporators etc 15     *     1 Jul 2014
    Insulation panels used in cool or freezer rooms 40     *     1 Jul 2014
Robots (industrial) 10     *     1 Jul 2014


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