Notice of Rulings 30 June 2021 (Cth)

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NOTICE OF WITHDRAWALS Ruling number Subject Brief description TR 93/12 Income tax: computer software This Ruling is withdrawn effective from 1 July 2021. TR 2020/3 Income tax: effective life of depreciating assets (applicable from 1 July 2020) This Ruling is withdrawn effective from 1 July 2021.