25 Jun 09 Effective life of depreciating assets (applicable from 1 July 2009) - TR 2009/4This final Taxation Ruling was issued on 24 June 2009. It was not previously released in draft form. It replaces Taxation Ruling TR 2008/4 which is withdrawn on and from 1 July 2009. If, for a particular asset, a taxpayer was using an effective life from the determination as in force before the latest amendment (for example, as contained in the Schedule to TR 2008/4), they should continue to use that life for that asset. Determinations of the effective life of depreciating assets made by the Commissioner are reproduced in Tables A and B of the attached schedule to TR 2009/4.
For a copy of TR 2009/4, click here
For a copy of TR 2008/4W, click here