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Taxation Ruling

TR 2017/2

TR 2017/2 - Income tax: effective life of depreciating assets (applicable from 1 July 2017)

Attention Please note that the PDF version is the authorised version of this ruling.
Attention This Ruling, which applies from 1 July 2017, replaces TR 2016/1 (see paragraph 5 of this Ruling for further details).


Exclamation This publication provides you with the following level of protection:

This publication (excluding appendixes) is a public ruling for the purposes of the Taxation Administration Act 1953.

A public ruling is an expression of the Commissioner's opinion about the way in which a relevant provision applies, or would apply, to entities generally or to a class of entities in relation to a particular scheme or a class of schemes.

If you rely on this ruling, the Commissioner must apply the law to you in the way set out in the ruling (unless the Commissioner is satisfied that the ruling is incorrect and disadvantages you, in which case the law may be applied to you in a way that is more favourable for you - provided the Commissioner is not prevented from doing so by a time limit imposed by the law). You will be protected from having to pay any underpaid tax, penalty or interest in respect of the matters covered by this ruling if it turns out that it does not correctly state how the relevant provision applies to you.

Not issued as a draft


ATO references:

ISSN: 2205-6122

Related Rulings/Determinations:
TR 2012/2
TR 2013/4
TR 2014/4
TR 2015/2
TR 2016/1

Business line: PGI

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 2017 (No. 1)

TR 2017/2
Table of contents
  Executive summary
  Appendix 1 - Explanation
  Appendix 2 - Detailed contents list
  Schedule - ANZSIC categories in Table A
  TR 2017/2 - Effective lives (Industry categories) Table A as at 1 July 2017
  TR 2017/2 - Effective lives (Asset categories) Table B as at 1 July 2017

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