• Extracts from Taxation Ruling IT 2685 and Taxation Ruling TR 2000/ 18 showing changes in the effective lives of some commonly used items in rental properties

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    Item

    Effective life in years given in

    IT 2685

    TR 2000/18

    Blind, venetian

    20

    20

    Carpets

    10

    10

    Curtains and drapes

    7

    6 2/3

    Electric bed

    15

    13 1/3

    Electric clock

    15

    13 1/3

    Electric heater

    10

    10

    Furniture and fittings

    15

    13 1/3

    Garbage unit, compacting

    7

    6 2/3

    Hot water service

    20

    20

    Lawn mowers-motor

    7

    6 2/3

    Lawn mowers-self-propelled

    5

    5

    Linoleum and similar floor covering

    10

    10

    Microwave ovens

    7

    6 2/3

    Radios

    10

    10

    Refrigerators

    15

    13 1/3

    Stoves

    20

    20

    Television sets

    10

    10

    Vacuum cleaners

    10

    10

    Washing machines

    7

    6 2/3

    Some items found in a rental property are regarded as part of the setting for the rent producing activity and are not treated as separate assets in their own right. However, a capital works deduction may be allowed for some of these items-see Capital works (special building write-off) deductions. Examples of items that are not treated as separate assets in their own right are:

    • built-in kitchen cupboards
    • clothes hoists
    • door and window fittings
    • driveways and paths
    • electrical wiring
    • fencing and retaining walls
    • floor and wall tiles
    • garages and non-portable sheds
    • in-ground swimming pools, saunas and spas
    • plumbing and gas fittings
    • reticulation piping
    • roller door shutters
    • roof top ventilators and skylights
    • security doors and screens which are permanently fixed to the building
    • sinks, tubs and baths, and
    • wash basins and toilet bowls.
    Last modified: 18 Jul 2008QC 16578