ATO Effective Lives 2025 - Find the Useful Life of an Asset
Plant and Equipment Effective Lives
Below are the ATO effective lives for residential property, taken from the latest TR 2022/1 ruling and current as of the 1st of January 2025. There have been no changes to residential effective lives since ruling TR 2019/5 on 1st of July 2019.
*IMPORTANT* The 1st of July 2019 saw the first real major changes to residential effective lives since 2004. Consequently, we've added detailed notes to the table below to highlight the assets that are new additions to the lists, and the assets that have had their effective lives changed. We've also included what the previous effective life was, as you may be required to utilise these older effective lives depending on your settlement date and or the date the asset was installed ready for use.
A PDF version of the TR2022/1 ruling is available directly from the ATO here.
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Residential Effective Lives TR2022/1
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