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  • Capital allowances: draft effective life of assets in child care services

    We are seeking your comments on the draft list of effective lives for assets used in the child care services industry.

    Comments are open until 28 February 2020.

    Proposed new determinations

    We propose adding the following list of effective life determinations to the Commissioner's schedule. This will apply to assets purchased or otherwise first used or installed ready to use, on or after 1 July 2020 (within the meaning of section 40-95 of the Income Tax Assessment Act 1997).

    Child care services industry (87100)

    All assets proposed in this determination take effect from 1 July 2020 (excluding Table B assets).

    Proposed list of assets

    Asset type

    Effective life (years)

    Audio visual assets

    5

    Augmented reality (AR) interactive sand boxes (incorporating projectors)

    5

    Electronic whiteboards (including touch screen interactive digital boards)

    6

    Table games

    5

    Television sets

    8

    Furniture used by children, freestanding assets

    Asset type

    Effective life (years)

    Furniture used by children, freestanding – Age specific (including cots, changing tables, floor sleeping mattresses, high and low feeding chairs, and stackable beds)

    5

    Furniture used by children, freestanding – Carpet mats (including rugs and floor mats/cushions)

    5

    Furniture used by children, freestanding – Others (including bookcases, storage shelving units, coat racks, dress-up racks, easels, room dividers, tables, chairs and sofas)

    10

    Play area assets

    Asset type

    Effective life (years)

    Furniture, freestanding (including tables, seating and toy storage boxes)

    5

    Pet enclosures and structures, freestanding (including chicken coops, guinea pig cages, rabbit hutches, bird aviaries and fish tanks)

    10

    Playground flooring: Artificial grass / synthetic lawn

    7

    Playground flooring: Soft-fall flooring (including wet pour rubber, rubber mats)

    5

    Playsets (including cubby houses, forts, slides, swing sets and trestle frames)

    8

    Pole and post padding/protectors

    5

    Sandpits, freestanding (including portable sandpits, and sandpit covers)

    7

    Tents, portable (including gazebos, marquees and tepee play tents)

    5

    Toys (not specified elsewhere)

    3

    Tricycles and bicycles (including balance bicycles and tricycle scooters)

    5

    Water play area filtration assets and water pumps

    7

    Support assets

    Asset type

    Effective life (years)

    Automated external defibrillators (AEDs)

    See Table B: Automated external defibrillators (AEDs)

    Fascia signs (including freestanding signs)

    See Table B: Advertising signs

    Floor coverings

    See Table B: Floor coverings (removable without damages)

    Fire control and alarm assets

    See Table B: Fire control and alarm assets

    Garden sheds, freestanding

    15

    Hand dryers

    See Table B Hand dryers (electrical)

    Kiosk stands, freestanding

    10

    Kitchen assets: dishwashers

    5

    Kitchen assets: food cooking assets (including cooktops, fryers, combination ovens, soup kettles, and stoves)

    10

    Kitchen assets: grease traps

    10

    Kitchen assets: kitchen trolleys

    5

    Kitchen assets: microwave ovens

    5

    Kitchen assets: refrigerators/freezers

    10

    Kitchen assets: small appliances (including food processors, blenders, mixers and toasters)

    4

    Laundry assets: dryers

    5

    Laundry assets: washing machines

    5

    Reception furniture, freestanding (including lobby chairs, desks, lounges, sofas and tables )

    See Table B: Office furniture, freestanding

    Security and monitoring assets

    See Table B: Security and monitoring assets

    Steam cleaners

    3

    Strollers: commercial multi-seat (including buggies)

    10

    Strollers: others

    5

    Time attendance devices (including fingerprint and vein scanners)

    7

    Vacuum cleaners

    3

     

    See also:

    Tell us what you think

    If you have an interest in these draft effective lives we invite you to comment. If you disagree with a proposed effective life, tell us your recommended effective life and why.

    Send your comments or questions to Susan Li by 28 February 2020:

      Last modified: 06 Feb 2020QC 61354