Taxation Ruling

TR 2020/3

Income tax: effective life of depreciating assets (applicable from 1 July 2020)

  • Please note that the PDF version is the authorised consolidated version of this ruling and amending notices.
    This document has been Withdrawn.
    View the Withdrawal notice for this document.
    This Ruling, which applies from 1 July 2020, replaces TR 2019/5 (see paragraph 5 of this Ruling for further details).

T

T
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Tarpaulins 5     *     1 Jul 2014
Telephony:
    Mobile phones 3     *     1 Jul 2014
    Telephone systems (including analogue and digital telephone systems, PABX/PBX systems, key/commander systems, VoIP systems and hybrid telephone systems such as IP-PBX systems etc) 7     *     1 Jul 2015
Television sets 10     *     1 Jul 2014
Tractors 12     *     1 Jul 2007
Trailers - see Table B Motor vehicles and trailers
Two-way radios:
    Base stations 6     *     1 Jul 2014
    Mobile units 6     *     1 Jul 2014
    Portable units 3     *     1 Jul 2014
    Repeaters 7     *     1 Jul 2014


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