Taxation Ruling
IT 145W - Notice of Withdrawal
Depreciation - the meaning of plant - mobile sheds and caravans in tourist park
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Please note that the PDF version is the authorised version of this withdrawal notice.
FOI status:
may be releasedNOTICE OF WITHDRAWAL
Taxation Ruling IT 145 is no longer current and is therefore withdrawn.
The Ruling deals with a Board of Review case which accepted mobile sheds used in a nomadic type of business as plant. As a result of this decision, depreciation rates were also set for caravans used within the confines of a caravan park. These rates have been restated in Taxation Ruling IT 2685.
Commissioner of Taxation
27 August 1997