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Taxation Ruling

TR 2016/1A1 - Addendum

Income tax: effective life of depreciating assets (applicable from 1 July 2016)

Addendum

This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Taxation Ruling TR 2016/1 insert missing entries and remove the incorrect use of an asterisk.

TR 2016/1 is amended as follows:

1. Table A as at 1 July 2016 Effective Lives (Industry Categories)

Under the heading 'Soft drink, cordial and syrup manufacturing (12110)',

After:

            Ice storage bins, feed bins and rake bins 20   *   1 Jul 2016

Insert:

Packaging assets:               
        Filling and sealing assets:               
            Capping machines 15   *   1 Jul 2009
            Container dryers (incorporating air knives and blowers) 10   *   1 Jul 2009
            Cooling and warming tunnels 10   *   1 Jul 2009
            Filling machines (including bag in box fillers, cup fillers and aseptic fillers) 20   *   1 Jul 2009

2. Table B as at 1 July 2016 Effective Lives (Industry Categories)

Under the heading 'C',

Omit:

Barrier gates/boom gates - see Table B Boom gates        *       

Substitute:

Barrier gates/boom gates - see Table B Boom gates               

This Addendum applies on and from 1 July 2016.

Commissioner of Taxation
7 September 2016

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

References

ATO references:
NO 1-7UKR4RA

ISSN: 2205-6122

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