Income tax: effective life of depreciating assets (applicable from 1 July 2008)
Notice of Withdrawal
1. Taxation Ruling TR 2008/4 has been replaced by Taxation Ruling TR 2009/4, which applies on and from 1 July 2009. To the extent that the views contained in TR 2008/4 still apply, they have been incorporated into TR 2009/4.
2. The Commissioner's determination of the effective life of depreciating assets has been amended with effect from 1 July 2009. If, for a particular asset, you were using an effective life from the determination as in force before the latest amendment (for example, as contained in the Schedule to TR 2008/4), you should continue to use that life for that asset.
Commissioner of Taxation
24 June 2009