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TR 2020/3 discusses the methodology used by the Commissioner in making a determination of the effective life of depreciating assets under section 40-100 of the Income Tax Assessment Act 1997.

TR 2020/3 has been replaced by Taxation Ruling TR 2021/3 Income tax: effective life of depreciating assets (applicable from 1 July 2021), which applies from 1 July 2021. To the extent that the views contained in TR 2020/3 still apply, they have been incorporated into TR 2021/3.

The Commissioner has made a determination of the effective life of certain depreciating assets which takes effect from 1 July 2021. This Determination has been incorporated into Tables A and B in the Schedule to TR 2021/3.