Taxation Ruling

TR 2020/3W

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

  • Please note that the PDF version is the authorised version of this withdrawal notice.
    This Ruling has been replaced by TR 2021/3

Notice of Withdrawal

Taxation Ruling TR 2020/3 is withdrawn with effect from 1 July 2021.

1. TR 2020/3 discusses the methodology used by the Commissioner in making a determination of the effective life of depreciating assets under section 40-100 of the Income Tax Assessment Act 1997.

2. TR 2020/3 has been replaced by Taxation Ruling TR 2021/3 Income tax: effective life of depreciating assets (applicable from 1 July 2021), which applies from 1 July 2021. To the extent that the views contained in TR 2020/3 still apply, they have been incorporated into TR 2021/3.

3. The Commissioner has made a determination of the effective life of certain depreciating assets which takes effect from 1 July 2021. This Determination has been incorporated into Tables A and B in the Schedule to TR 2021/3.

Commissioner of Taxation
30 June 2021

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TR 2020/3 history

  Date Version
24 June 2020 Original ruling
You are here → 30 June 2021 Withdrawn