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 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    This document has been Withdrawn.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 2021, replaces TR 2020/3 (see paragraph 6 of this Ruling for further details).

R

R
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Racehorses:
    Flat racing (thoroughbred horses) 5     *     1 Jul 2021
    Harness racing (standardbred horses) 7     *     1 Jul 2021
    Jumps racing (thoroughbred horses) 10     *     1 Jul 2021
    Lead and companion ponies (horses) 5     *     1 Jul 2021
Rainwater tanks:
    Galvanised steel 25     *     1 Jul 2019
    Polyethylene 15     *     1 Jul 2019
Refrigeration assets:
    Compressors, condensers, evaporators etc 15     *     1 Jul 2014
    Insulation panels used in cool or freezer rooms 40     *     1 Jul 2014
Robots (industrial) 10     *     1 Jul 2014


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