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  • Draft effective life determinations: accommodation for the aged operation industry and retirement village operation industry

    We are seeking feedback on the draft list of effective lives for assets used in the accommodation for the aged operation industry and the retirement village operation industry.

    Comments are open until 15 April 2019.

    Proposed new determinations

    We propose adding the following list of effective life determinations to the Commissioner's schedule to apply to assets purchased (or otherwise first used or installed ready to use) on or after 1 July 2019 (within the meaning of section 40-95 of the Income Tax Assessment Act 1997).

    Accommodation for the aged industry (ANZSIC code 86012) and retirement village operation industry (ANZSIC 86011)

    All effective lives proposed in this determination take effect from 1 July 2019 (excluding effective lives for assets which are included in Table A or Table B of Taxation Ruling TR2018/4Income tax: effective life of depreciating assets).

    Assistance and medical assets:

    Asset

    Effective life (years)

    Beds – Electronic (including hi-lo and lo-lo beds)

    7

    Bedside cabinets, lockers and overbed tables

    10

    Blood pressure machines

    3

    Call systems

    7

    Chairs: Commode

    7

    Chairs: Electronic recliner

    10

    Chairs: Fallout/floating/princess

    7

    Chairs: Shower

    5

    Chairs: Wheelchair – electric, manual, tilt in space

    5

    Dangerous drug safes

    15

    Defibrillators

    8

    Electronic arms for toilets

    10

    Hoists: Ceiling (incorporating tracks)

    12

    Hoists: Mobile (floor, full, standing)

    10

    Lifting slings

    2

    Mattresses: Air

    3

    Mattresses: Foam

    7

    Medication trolleys

    10

    Mobile suction machines

    3

    Pan flushers / pan sanitisers

    10

    Sensor beams and sensor mats

    3

    Shower trolleys / mobile baths

    8

    Syringe-driven infusion pumps

    5

    Treatment trolleys

    15

    Walking belts

    3

    Walking frames (including forearm walkers)

    12

    Weighing machines and scales (including chair scales and wheelchair scales)

    10

    Common area assets:

    Asset

    Effective life (years)

    Artificial grass / synthetic lawn (removable without damage)

    15

    Audio visual assets

    8

    Carpets (excluding carpet tiles) – see Table BThis link opens in a new window Floor coverings (removable without damage)

    8

    Curtains and drapes – see Table BThis link opens in a new window

    6

    Furniture: General/indoor

    10

    Furniture: Outdoor

    7

    Hair salon assets (including chairs and dryers)

    15

    Hot water dispensers

    8

    Television sets

    5

    Window blinds – see Table BThis link opens in a new window

    15

    Fitness and recreation assets:

    Asset

    Effective life (years)

    Billiard/pool tables

    20

    Bowling greens, artificial grass or carpet (removable without damage)

    15

    Gymnasium and exercise equipment

    10

    Support assets:

    Asset

    Effective life (years)

    Annunciator panels

    15

    Boilers – see Table BThis link opens in a new window

    20

    Buggies to transport people

    8

    Cleaning carts and trolleys – new asset to be included in Table B

    5

    Cool rooms – see Table BThis link opens in a new window Refrigeration assets: Insulation panels used in cool or freezer rooms

    40

    Electronic mops and floor scrubbers

    5

    Hot water systems (excluding commercial boilers and piping)

    10

    Kitchen assets: Blast chillers

    8

    Kitchen assets: Bowl mixers

    10

    Kitchen assets: Dishwashers

    8

    Kitchen assets: Food preparation assets – large commercial type (including cooktops, fryers, multi-function centres, self-cooking centres, single tray meal service, soup kettles, stoves)

    10

    Kitchen assets: Hot food display and warming assets (including bain marie, banquet units, buffet units, hot boxes and plate warmers)

    10

    Kitchen assets: Ice making machines

    10

    Kitchen assets: Kitchen trolleys

    5

    Kitchen assets: Small appliances (including blenders, food processors, stick mixers)

    4

    Kitchen assets: Toasters

    6

    Laundry assets: Dryers

    12

    Laundry assets: Metal spring trolleys

    10

    Laundry assets: Washing machines

    12

    Lockers, freestanding – new asset to be included in Table B

    20

    Master antenna television (MATV) assets – see Table AThis link opens in a new window, ‘Residential property operators (67110)'

    10

    Refrigerators (including controlled temperature medication refrigerators)

    10

    Swimming pool assets: Dehumidifiers

    15

    Swimming pool assets: Filtration equipment (including chlorinators and pumps) – see Table B

    12

    Swimming pool assets: Pool covers (including blankets) – new asset to be included in Table B

    8

    Vacuum cleaners, ride-on

    7

    See also:

    • Taxation Ruling TR 2018/4 - 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 why a different effective life should be recommended.

    Provide your comments or questions to Kim Dziedzic by 15 April 2019 by:

    > phone – (07) 3213 5764

    > email – kim.dziedzic@ato.gov.au

      Last modified: 04 Apr 2019QC 58486