Taxation Ruling

TR 2021/3

Income tax: effective life of depreciating assets (applicable from 1 July 2021)

  • Please note that the PDF version is the authorised version of this ruling.
    This Ruling, which applies from 1 July 2021, replaces TR 2020/3 (see paragraph 6 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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