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Taxation Ruling

TR 2016/1W

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

Attention This Ruling has been replaced by TR 2017/2
Attention This document has changed over time. View its history.

Notice of Withdrawal

Taxation Ruling TR 2016/1 is withdrawn with effect from 1 July 2017.

1. TR 2016/1 discusses the methodology used by the Commissioner of Taxation in making a determination of the effective life of depreciating assets under section 40-100 of the Income Tax Assessment Act 1997 .

2. TR 2016/1 has been replaced by Taxation Ruling TR 2017/2, which applies from 1 July 2017. To the extent that the views contained in TR 2016/1 still apply, they have been incorporated into TR 2017/2.

3. The Commissioner has made a new determination of the effective life of certain depreciating assets which takes effect from 1 July 2017. This determination has been incorporated into Tables A and B in the Schedule to Taxation Ruling TR 2017/2.

Commissioner of Taxation

28 June 2017


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).


ATO references:

ISSN: 2205-6122

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
TR 2011/2
TR 2012/2
TR 2013/4
TR 2014/4

Business line: PGI

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(5)
ITAA 1997 40-100(6)(b)
ITAA 1997 40-102(4)
ITAA 1997 40-102(4A)
ITAA 1997 40-105
ITAA 1997 40-110
TAA 1953

TR 2016/1 history   Top  
   Date   Version   Change 
   29 June 2016   Original ruling   
    7 September 2016   Consolidated ruling   Addendum 
 You are here ®  28 June 2017   Withdrawn   


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