Notice of Withdrawal
1
TR 2019/5 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TR 2019/5 has been replaced by Taxation Ruling TR 2020/3 Income tax: effective life of depreciating assets (applicable from 1 July 2020), which applies from 1 July 2020. To the extent that the views contained in TR 2019/5 still apply, they have been incorporated into TR 2020/3.
3
The Commissioner has made a new determination of the effective life of certain depreciating assets which takes effect from 1 July 2020. This determination has been incorporated into Tables A and B in the Schedule to TR 2020/3.