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  • Draft effective life determinations: residential rental properties

    We are seeking your comments on draft effective lives of assets used in residential rental properties.

    Comments are open until 31 March 2019.

    Proposed new determinations

    We propose changing some effective lives and adding effective lives for new assets 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).

    Residential property operators (ANZSIC code 67110)

    All assets proposed in this determination take effect from 1 July 2019

    General assets:

    Asset

    Effective life (years)

    Digital peep holes

    10

    Evaporative coolers - Fixed (excluding ducting and vents)

    15

    Floor coverings (removal without damage) - Carpet

    8

    Home automation control assets

    10

    Hydronic assets - Controls

    10

    Hydronic assets - Water heaters

    15

    Skylights - Controls

    10

    Skylights - Motors

    10

    Telecommunications assets - Telephone handsets

    6

    Television sets

    8

    Water pumps - Multi-story

    20

    Water pumps - Rainwater tanks

    5

    Water pumps - Single residence pressure pumps

    8

    Bathroom assets:  

    Accessories, freestanding (including shower caddies, soap holders, toilet brushes)

    3

    Spa bath pumps

    10

    Kitchen assets:  

    Dishwashers

    8

    Microwave ovens

    8

    Laundry assets:  

    Clothes dryers

    7

    Ironing boards, freestanding

    5

    Washing machines

    8

    Outdoor assets:  

    Folding arm awnings - Controls

    10

    Folding arm awnings - Motors

    10

    Garden lights, solar

    5

    Rainwater tanks -Galvanised steel

    25

    Rainwater tanks - Polyethylene

    15

    Roller blinds - Controls

    10

    Roller blinds - Motors

    10

    Spas - Fixed spa assets - Chlorinators

    10

    Spas - Fixed spa assets - Filtration assets (including pumps)

    10

    Swimming pool assets - Blankets

    8

    Swimming pool assets - Chlorinators

    10

    Swimming pool assets - - Filtration assets (including pumps)

    10

    See also:

    • TR 2018/4 - Income tax: effective life of depreciating assets

    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 why a different effective life should be recommended.

    Send your comments or questions to John Di Francesco by 31 March 2019 by:

    > phone - (07) 3213 6059

    > email - john.difrancesco@ato.gov.au

      Last modified: 12 Mar 2019QC 58201