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  • Draft effective life determinations: General practice medical services

    We are seeking feedback on the draft list of effective lives for assets used in the general practice medical 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).

    General practice medical services (ANZSIC code 85110)

    All effective lives proposed in this determination take effect from 1 July 2020 (excluding effective lives for assets which are included in Table A or Table B of Taxation Ruling TR 2019/5 Income tax: effective life of depreciating assets).

    Table: General practice medical services assets

    Asset

    Effective life (years)

    Anatomical medical models

    10

    Autoclaves and sterilisers

    8

    Automated ankle brachial pressure index (ABPI) measurement devices

    6

    Automated external defibrillators (AEDs)

    See Table B – new determination for AEDs (life 8 years) to be included in Table B effective from 1 July 2020.

    Blood coagulation (INR) meters

    5

    Cryosurgical assets: Cryosurgical guns

    5

    Cryosurgical assets: Liquid nitrogen storage tanks

    10

    Dermatoscopes

    5

    Ear irrigators

    5

    ECG machines

    7

    Examination lights

    7

    Foetal heart monitors

    7

    Foot stools

    10

    Hyfrecators – electrosurgical units

    6

    Magnifying loupes

    10

    Medical examination beds (adjustable/electric)

    8

    Medical plaster saws

    7

    Medication and vaccination refrigerators

    8

    Nebulisers

    5

    Ophthalmoscopes

    6

    Otoscopes

    7

    Oxygen tank regulators

    10

    Portable observation machines (including ultrasound machines and vital signs monitors)

    7

    Privacy curtains

    8

    Pulse oximeters

    4

    Resuscitation kits

    15

    Saddle chairs

    7

    Scales (including baby, heavy duty, mother/baby scales)

    5

    Sphygmomanometers: Aneroid

    10

    Sphygmomanometers: Digital

    5

    Spirometers

    7

    Stethoscopes

    10

    Suction machines (portable)

    8

    Surgical Instruments, hand held/manual (including forceps, needle holders, scissors, skin graft knives)

    8

    Thermometers, digital

    4

    Trolleys (including equipment, instrument, treatment trolleys)

    10

    Wheelchairs

    8

    X-ray viewers

    10

    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 Kim Dziedzic by 28 February 2020. Contact Kim by:

      Last modified: 13 Feb 2020QC 61398