Taxation Ruling
TR 2019/5
Income tax: effective life of depreciating assets (applicable from 1 July 2019)
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Please note that the PDF version is the authorised consolidated version of this ruling and amending notices.This Ruling, which applies from 1 July 2019, replaces TR 2018/4 (see paragraph 5 of this Ruling for further details).This document has changed over time. View its history.
E
| E | |||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Employee time and attendance recorders (including bundy clocks, time clocks etc): | |||
| Computerised time and attendance recorders (including fingerprint and face recognition systems and swipe card digital time clock systems) | 10 | * | 1 Jul 2013 |
| Standalone electronic time and attendance recorders (card based etc) | 10 | * | 1 Jul 2013 |
| Escalators (machinery and their moving parts) | 20 | * | 1 Jan 2003 |
Not previously issued as a draft
References
ATO references:
NO 1-HHM96UX
Previous Rulings/Determinations:
TR 2013/4
TR 2014/4
TR 2015/2
TR 2016/1
TR 2017/2
TR 2018/4
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 2019 (No. 1)
| Date: | Version: | Change: | |
| 26 June 2019 | Original ruling | ||
| You are here | 22 April 2020 | Consolidated ruling |
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