Taxation Ruling

TR 2019/5W

Income tax: effective life of depreciating assets (applicable from 1 July 2019)

  • Please note that the PDF version is the authorised version of this withdrawal notice.
    This Ruling has been replaced by TR 2020/3

Notice of Withdrawal

Taxation Ruling TR 2019/5 is withdrawn with effect from 1 July 2020.

1. TR 2019/5 discusses the methodology used by the Commissioner of Taxation in making a determination of the effective life of depreciating assets under section 40-100 of the Income Tax Assessment Act 1997.

2. TR 2019/5 has been replaced by Taxation Ruling TR 2020/3 Income tax: effective life of depreciating assets (applicable from 1 July 2020), which applies from 1 July 2020. To the extent that the views contained in TR 2019/5 still apply, they have been incorporated into TR 2020/3.

3. The Commissioner has made a new determination of the effective life of certain depreciating assets which takes effect from 1 July 2020. This determination has been incorporated into Tables A and B in the Schedule to TR 2020/3.

Commissioner of Taxation
24 June 2020

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TR 2019/5 history

  Date Version
26 June 2019 Original ruling
You are here → 24 June 2020 Withdrawn