Taxation Ruling
IT 2591H - Notice of Archival
Income tax: rate of depreciation for grinding and milling machines
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Please note that the PDF version is the authorised version of this ruling.
FOI status:
may be releasedNOTICE OF ARCHIVAL
Taxation Ruling IT 2591 is no longer current and has been archived.
The ruling is about former section 55 of the Income Tax Assessment Act 1936 as that section read between 7 June 1990 (the date on which the ruling came into effect) and its repeal in 1992. The ruling set the rate of depreciation for certain machines used in the building and construction industry.
Commissioner of Taxation
19 June 1996