Notice of Rulings 30 June 2021
The Commissioner of Taxation, Chris Jordan, gives notice by notifiable instrument under subsection 358-5(4) of Schedule 1 to the Taxation Administration Act 1953 of the following public rulings, copies of which can be obtained from ato.gov.au/law
NOTICE OF RULINGS | ||
Ruling number | Subject | Brief description |
TR 2021/3 | Income tax: effective life of depreciating assets (applicable from 1 July 2021) | This Ruling updates Taxation Ruling TR 2020/3 Income tax: effective life of depreciating assets (applicable from 1 July 2020) to include new effective lives determined by the Commissioner for depreciating assets used in horse training (racing) and salt-harvesting industries. This Ruling applies from 1 July 2021. |
TD 2021/6 | Income tax: what are the reasonable travel and overtime meal allowance expense amounts for the 2021–22 income year? | This Determination sets out the reasonable overtime meal expenses, and domestic and overseas travel rates, for the 2021–22 income year. This Determination applies from 1 July 2021 to 30 June 2022. |
NOTICE OF WITHDRAWALS | ||
Ruling number | Subject | Brief description |
TR 93/12 | Income tax: computer software | This Ruling is withdrawn effective from 1 July 2021. |
TR 2020/3 | Income tax: effective life of depreciating assets (applicable from 1 July 2020) | This Ruling is withdrawn effective from 1 July 2021. |