The Australian Taxation Office (ATO) has announced the publication of final guidance for effective life of depreciating assets on 23 September 2025.
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Final guidance: Effective life of assets
We've published our final guidance for the effective life of depreciating assets for income tax purposes.
The effective life of a depreciating asset is the period over which it's expected to be used to produce income. This timeframe helps determine how much of the asset's cost you can claim as a …