Taxation Ruling
TR 2006/15W
Income tax: effective life of depreciating assets (applicable from 1 January 2007)
Notice of Withdrawal
Taxation Ruling TR 2006/15 is withdrawn on and from 1 July 2007.
1. Taxation Ruling TR 2006/15 has been replaced by Taxation Ruling TR 2007/3, which applies on and from 1 July 2007. To the extent that the views contained in TR 2006/15 still apply, they have been incorporated into TR 2007/3.
2. The Commissioner's determination of the effective life of depreciating assets has been amended with effect from 1 July 2007. If, for a particular asset, you were using an effective life from the determination as in force before the latest amendment (for example, as contained in the Schedule to TR 2006/15), you should continue to use that life for that asset.
Commissioner of Taxation
27 June 2007
Not previously issued as a draft
2006/20258
IT 2685
TR 2000/18
TR 2006/5
TR 2007/3
depreciation
depreciation rates
effective life
ITAA 1997 Div 40
ITAA 1997 40-70(1)
ITAA 1997 40-72(1)
ITAA 1997 40-75(1)
ITAA 1997 40-95
ITAA 1997 40-100
ITAA 1997 40-100(4)
ITAA 1997 40-100(4)(b)
ITAA 1997 40-105(1)
ITAA 1997 40-110
ITAA 1997 Subdiv 40-E
ITAA 1997 Subdiv 40-F
ITAA 1997 Subdiv 42-M
ITAA 1997 Div 43
TAA 1953
Tax Laws Amendment (Improvements to Self Assessment) Act (No. 2) 2005