Tax Laws Amendment (2005 Measures No. 1) Act 2005 (77 of 2005)
Schedule 2 Effective life of assets declining in value
Income Tax Assessment Act 1997
1 Subsection 40-102(4) (at the end of the table)
Add:
|
5 |
Bus with a *gross vehicle mass of more than 3.5 tonnes |
7.5 years |
|
6 |
Light commercial vehicle with a *gross vehicle mass of 3.5 tonnes or less and designed to carry a load of 1 tonne or more |
7.5 years |
|
7 |
Minibus with a *gross vehicle mass of 3.5 tonnes or less and designed to carry 9 or more passengers |
7.5 years |
|
8 |
Trailer with a *gross vehicle mass of more than 4.5 tonnes |
10 years |
|
9 |
Truck with a *gross vehicle mass of more than 3.5 tonnes (other than a truck that is used in *mining operations and that is not of a kind that can be registered to be driven on a public road in the place in which the truck is operated) |
7.5 years |