Taxation Ruling

TR 2020/3

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

  • Please note that the PDF version is the authorised consolidated version of this ruling and amending notices.
    This document has been Withdrawn.
    View the Withdrawal notice for this document.
    This Ruling, which applies from 1 July 2020, replaces TR 2019/5 (see paragraph 5 of this Ruling for further details).

B

B
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Bending machines (bar, angle and rod) 10     *     1 Jul 2008
Block and brick elevators, portable 10     *     1 Jul 2008
Boilers 20     *     1 Jul 2005
Boom gates:
    Electromechanically operated boom gates 7     *     1 Jul 2013
    Hydraulically operated boom gates 10     *     1 Jul 2013


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