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  • Draft effective life determinations: Funeral, crematorium and cemetery services

    We are seeking feedback on the draft list of effective lives for assets used in the funeral, crematorium, and cemetery 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).

    Funeral, crematorium and cemetery services industry (ANZSIC code 95200)

    Cemetery assets

    Asset

    Effective life (years)

    Casket lowering devices

    10

    Excavators

    10

    Crematorium assets

    Asset

    Effective life (years)

    Cremators

    20

    Extraction hoods

    10

    Granulators

    7

    Funeral assets

    Asset

    Effective life (years)

    Broadcasting equipment (including audio visual devices and streaming equipment)

    5

    Casket covers

    2

    Church trolleys (including church trucks)

    15

    Coffin racks

    13

    Engravers – electronic

    7

    Engravers – manual

    20

    Hand scissor lift tables

    15

    Lecterns

    15

    Pews

    10

    General assets

    Asset

    Effective life (years)

    Hearses

    15

    Refrigeration assets – Cool rooms

    15

    Refrigeration assets – Refrigeration racks

    20

    Scales

    5

    Stretchers

    15

    Transfer vehicles

    See Table B: Motor vehicles and trailers – Cars (motor vehicles designed to carry a load of less than one tonne and fewer than 9 passengers) - Generally

    Mortuary assets

    Asset

    Effective life (years)

    Embalming machines

    10

    Floor coverings (removable without damage)

    15

    Hydro-aspirators

    10

    Lifting machines

    10

    Morgue tables

    15

    See also:

    • TR 2019/5 Income tax: effective life of depreciating assets

    Tell us what you think

    We welcome your comments and feedback on these draft effective lives. If you disagree with a proposed effective life, tell us your recommendation for a different effective life and why.

    Provide your comments or questions to Adam Vigar by 28 February 2020:

      Last modified: 13 Feb 2020QC 61391