TR 2014/4A1 - Addendum
TR 2014/4 - Income tax: effective life of depreciating assets (applicable from 1 July 2014)
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This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Taxation Ruling TR 2014/4 to insert missing entries and words, correct a heading description and remove the incorrect use of an asterisk.
TR 2014/4 is amended as follows:
Under the heading 'Vegetable growing (under cover) (01220)'; Omit:
Hydroponics growers may use the effective life for relevant assets shown in Nursery and Floriculture Production (01110 to 01150)
Hydroponics growers may also use the effective life for relevant assets shown in Nursery and Floriculture Production (01110 to 01150)
Omit the heading 'Steel coil roll forming, slitting, blanking and sheet metal forming (22210 to 22290)'; substitute 'Steel coil roll forming, slitting and blanking and sheet metal forming (22210 to 22290)'.
Under the heading P, after 'Platform scales'; Insert:
Plumbing fixtures and fittings (including wall and floor tiles) provided mainly for employees and/or children of employees of an entity carrying on a business for the purpose of producing assessable income 20 1 Jan 2001
Under the heading T; Omit:
Complete telephone system (comprising switchboards, instruments, cables etc) 20 * 1 Jan 2001
Complete telephone system (comprising switchboards, instruments, cables etc) 20 1 Jan 2001
Commissioner of Taxation
6 August 2014
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