Taxation Ruling
TR 2018/4
Income tax: effective life of depreciating assets (applicable from 1 July 2018)
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T
| T | |||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Tarpaulins | 5 | * | 1 Jul 2014 |
| Telephony: | |||
| Mobile phones | 3 | * | 1 Jul 2014 |
| Telephone systems (including analogue and digital telephone systems, PABX/PBX systems, key/commander systems, VoIP systems and hybrid telephone systems such as IP-PBX systems etc) | 7 | * | 1 Jul 2015 |
| Television sets | 10 | * | 1 Jul 2014 |
| Tractors | 12 | * | 1 Jul 2007 |
| Trailers - see Table B Motor vehicles and trailers | |||
| Two-way radios: | |||
| Base stations | 6 | * | 1 Jul 2014 |
| Mobile units | 6 | * | 1 Jul 2014 |
| Portable units | 3 | * | 1 Jul 2014 |
| Repeaters | 7 | * | 1 Jul 2014 |
References
ATO references:
NO 1-B8V6TGB
Related Rulings/Determinations:
TR 2018/4W
TR 2013/4
TR 2014/4
TR 2015/2
TR 2016/1
TR 2017/2
Subject References:
depreciation
depreciation rate
effective life
Legislative References:
ITAA 1997
ITAA 1997 Div 40
ITAA 1997 40-25
ITAA 1997 40-70(1)
ITAA 1997 40-72(1)
ITAA 1997 40-75(1)
ITAA 1997 40-95
ITAA 1997 40-95(4)
ITAA 1997 40-95(5)
ITAA 1997 40-95(7)
ITAA 1997 40-100
ITAA 1997 40-100(5)
ITAA 1997 40-100(6)(b)
ITAA 1997 40-102
ITAA 1997 40-102(4)
ITAA 1997 40-102(4A)
ITAA 1997 40-105
ITAA 1997 40-110
ITAA 1997 40-345(2)
TAA 1953
Other References:
Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2018 (No. 1)