Taxation Ruling
TR 2000/18W
Income tax: effective life of depreciating assets
may be released
Notice of Withdrawal
Taxation Ruling TR 2000/18 is withdrawn with effect from 1 July 2006.
1. Taxation Ruling TR 2000/18 discussed the methodology used by the Commissioner of Taxation in making determinations of the effective life of depreciating assets under section 40-100 of the Income Tax Assessment Act 1997. It also provided effective lives schedules determined by the Commissioner.
2. TR 2000/18 is being replaced by Taxation Ruling TR 2006/5 due to a change in the system of public rulings following the enactment of the Tax Laws Amendment (Improvements to Self Assessment) Act (No. 2) 2005. The category of legally binding rulings has been expanded to cover matters about the administration and collection of particular taxes, including income tax.
Commissioner of Taxation
5 July 2006
2005-18404