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Taxation Ruling

TR 2011/2W

Income tax: effective life of depreciating assets (applicable from 1 July 2011)

Attention This Ruling has been replaced by TR 2012/2
Attention This document has changed over time. View its history.

Notice of Withdrawal

Taxation Ruling TR 2011/2 is withdrawn on and from 1 July 2012.

1. Taxation Ruling TR 2011/2 has been replaced by Taxation Ruling TR 2012/2, which applies on and from 1 July 2012. To the extent that the views contained in TR 2011/2 still apply, they have been incorporated into TR 2012/2.

2. The Commissioner's determination of the effective life of depreciating assets has been amended with effect from 1 July 2012. 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 2011/2), you should continue to use that life for that asset.

Commissioner of Taxation

27 June 2012


ATO references:

ISSN: 1039 0731

Related Rulings/Determinations:
IT 2685
TR 2000/18
TR 2006/5
TR 2006/15
TR 2007/3
TR 2008/4
TR 2009/4
TR 2010/2

Subject references:
Commissioner's determination of effective life
Commissioner's effective life schedule
decline in value
depreciating assets
depreciation rates
effective life
self assessment of effective life

Legislative references:
ITAA 1997
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-B
ITAA 1997 Subdiv 40-E
ITAA 1997 Subdiv 40-F
ITAA 1997 Subdiv 40-G
ITAA 1997 40-520
ITAA 1997 40-555(1)
ITAA 1997 Subdiv 42-M
ITAA 1997 Div 43
ITAA 1997 Subdiv 328-D
TAA 1953
Tax Laws Amendment (Improvements to Self Assessment) Act (No. 2) 2005

TR 2011/2W history   Top  
   Date   Version   Change 
   29 June 2011   Original ruling   
 You are here ®  27 June 2012   Withdrawn   


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