Taxation Ruling

TR 2021/3

Income tax: effective life of depreciating assets (applicable from 1 July 2021)

  • Please note that the PDF version is the authorised version of this ruling.
    This Ruling, which applies from 1 July 2021, replaces TR 2020/3 (see paragraph 6 of this Ruling for further details).

R

R
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Racehorses:
    Flat racing (thoroughbred horses) 5     *     1 Jul 2021
    Harness racing (standardbred horses) 7     *     1 Jul 2021
    Jumps racing (thoroughbred horses) 10     *     1 Jul 2021
    Lead and companion ponies (horses) 5     *     1 Jul 2021
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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