Posts Tagged ‘TR 2013/4’
ATO Tax Depreciation Effective Lives – Depreciation Rates for 2013/2014 under Tax Ruling 2013/2014
*Note – These effective lives are now covered by TR 2019/5. The best up to date list is here https://www.mcgqs.com.au/ato-effective-lives-2019-2020-depreciation-rates.php We’re frequently fielding questions about the specific effective lives for residential property, so we’ve decided to post the current effective lives here. These effective lives are current at the time of posting, and come from…
Read MoreNew effective life legislation from the ATO – TR 2013/4 in effect from 1 July 2013
On the 26th of June 2013, the ATO withdrew the taxation ruling TR 2012/2. This outlined the effective life of all qualifying plant and equipment depreciating assets. The new and excitingly named TR 2013/4 ruling is in effect from the 1st of July 2013 and includes some changes to existing depreciating assets and the addition of…
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