Capital allowances: effective life – rulings, law and objections

You can find details of rulings, law and objections relating to the effective life of depreciating assets below. Links to corresponding material published on the ATO Legal Database are also included.

Primary legislative references

Sections 40–95, 40-100 and 40–105 of the Income Tax Assessment Act 1997

Taxation rulings

Effective lives are published in tables attached to taxation rulings relating to the effective life of depreciating assets. Previously, these tables were updated and revised every six months by an addendum to one ruling (TR 2000/18). There were several such addendums to Taxation Ruling TR 2000/18. The publication of Taxation Ruling TR 2006/5 saw the practice of periodically updating the tables by issuing a new ruling.

    Last modified: 14 Jul 2016QC 16523