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Taxation Ruling

TR 2015/2

TR 2015/2 - Income tax: effective life of depreciating assets (applicable from 1 July 2015)

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  • Please note that the PDF version is the authorised version of this ruling.
    This Ruling, which applies from 1 July 2015, replaces TR 2014/4 (see paragraph 5 of this Ruling for further details).
    This document incorporates revisions made since original publication. View its history and amending notices, if applicable.

Schedule - ANZSIC categories in Table A

AGRICULTURE, FORESTRY AND FISHING (01110 to 05290) 19
Agriculture 21
Aquaculture 37
Beef cattle farming 31
Beef cattle feedlots 31
Coffee, olive and tree nut growing 29
Dairy cattle farming 32
Fishing 39
Forestry and logging 38
Fruit growing 28
Mushroom growing 26
Nursery and floriculture production 24
Pig farming 36
Poultry farming for breeding, eggs and meat 34
Poultry hatcheries 35
Sheep farming 30
Vegetable growing (under cover) 26
Vegetable growing (outdoors) and sugar cane growing 27
MINING (06000 to 10900) 39
Coal mining 43
Construction material mining 49
Gold ore mining 47
Iron ore mining 47
Mineral sand mining 48
Mineral exploration services 50
Nickel ore mining 49
Oil and gas extraction 44
Petroleum exploration services 50
MANUFACTURING (11110 to 25990) 51
Alumina production 139
Aluminium smelting 140
Bakery product manufacturing 66
Bakery product manufacturing (non factory based) 67
Basic chemical and chemical product manufacturing 103
Beer manufacturing (except non alcoholic beer) 84
Boiler, tank and other heavy gauge metal container manufacturing 145
Cement manufacturing 117
Ceramic product manufacturing 117
Cereal and pasta product manufacturing 64
Cigarette and tobacco product manufacturing 89
Cleaning compound and toiletry preparation manufacturing 111
Concrete product manufacturing 122
Confectionery manufacturing 71
Cured meat and smallgoods manufacturing 57
Dairy product manufacturing 57
Fabricated metal product manufacturing 142
Fruit and vegetable processing 58
Furniture and other manufacturing 157
Glass and glass product manufacturing 114
Grain mill product manufacturing 62
Human pharmaceutical and medicinal product manufacturing 110
Industrial gas manufacturing 99
Iron smelting and steel manufacturing 125
Log sawmilling and timber dressing 89
Meat processing 51
Motor vehicle body and trailer manufacturing 153
Motor vehicle manufacturing 146
Non ferrous metal casting 141
Non metallic mineral product manufacturing 117
Oil and fat manufacturing 60
Other basic chemical product manufacturing 111
Other food product manufacturing n.e.c. 76
Other motor vehicle parts manufacturing 153
Other professional and scientific equipment manufacturing n.e.c. 156
Other transport equipment manufacturing n.e.c. 156
Other wood product manufacturing 92
Paint and coatings manufacturing 113
Paper stationery manufacturing 93
Petroleum refining 97
Photographic, optical and ophthalmic equipment manufacturing 156
Plaster product manufacturing 120
Plywood and veneer manufacturing 90
Polymer film and sheet packaging material manufacturing 112
Polymer product and rubber product manufacturing 113
Poultry processing 57
Prepared animal and bird feed manufacturing 72
Printing 94
Printing support services 96
Pulp, paper and converted paper product manufacturing 92
Railway rolling stock manufacturing and repair services 154
Ready-mixed concrete manufacturing 121
Reconstituted wood product manufacturing 91
Sanitary paper product manufacturing 93
Soft drink, cordial and syrup manufacturing 83
Spirit manufacturing 86
Steel coil roll forming, slitting, blanking and sheet metal forming 142
Sugar manufacturing 67
Textile, leather, clothing and footwear manufacturing 89
Wine and other alcoholic beverage manufacturing 86
ELECTRICITY, GAS, WATER AND WASTE SERVICES (26110 to 29220) 157
Electricity supply 157
Gas supply 161
Irrigation water providers 162
Sewerage and drainage services 164
Solid waste collection services 166
Waste remediation and materials recovery services 167
Waste treatment and disposal services 166
Water supply 162
CONSTRUCTION (30110 to 32990) 168
Other heavy and civil engineering construction n.e.c. 170
WHOLESALE TRADE (33110 to 38000) 170
Commission-based wholesaling 172
Petroleum product wholesaling 170
Wool wholesaling 170
RETAIL TRADE (39110 to 43209) 173
Food retailing 175
Fuel retailing 174
Motor vehicle tyre or tube retailing 173
Other store-based retailing 176
ACCOMMODATION AND FOOD SERVICES (44000 to 45302) 176
Accommodation 176
Cafes, restaurants, takeaway food services, pubs, taverns bars and clubs (hospitality) 177
TRANSPORT POSTAL AND WAREHOUSING (46100 to 53090) 179
Airport operations and other air transport support services 187
Courier pick up and delivery services 186
Other transport support services n.e.c. 188
Other warehousing and storage services 189
Postal services 186
Rail freight and passenger transport services 180
Road transport 179
Scenic and sightseeing transport 185
Tramway and light rail passenger transport services 179
Water transport and support services 182
INFORMATION MEDIA AND TELECOMMUNICATIONS (54110 to 60200) 190
Internet publishing and broadcasting 197
Library and other information services 198
Motion picture and video activities 190
Motion picture exhibition 193
Radio broadcasting 193
Telecommunications services 197
Television broadcasting 195
FINANCIAL AND INSURANCE SERVICES (62100 to 64200) 198
RENTAL, HIRING AND REAL ESTATE SERVICES (66110 to 67200) 199
Non residential property operators 206
Rental and hiring services (except real estate) 199
Residential property operators 201
PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES (69100 to 70000) 207
Advertising services 209
Professional photographic services 210
Scientific research services 207
Surveying and mapping services 208
Veterinary services 209
ADMINISTRATIVE AND SUPPORT SERVICES (72110 to 73200) 211
Building and other industrial cleaning services 211
Gardening services 212
Packaging services 212
EDUCATION AND TRAINING (80100 to 82200) 213
HEALTH CARE AND SOCIAL ASSISTANCE (84010 to 87900) 213
Dental services 216
Hospitals 214
Nursing home operation 221
Optometry and optical dispensing 217
Pathologist and other pathology services 218
Podiatry services 218
Radiology and diagnostic imaging services 219
Specialist medical services n.e.c. 220
ARTS AND RECREATION SERVICES (89100 to 92099) 221
Creative and performing arts activities 222
Gambling activities 224
Health and fitness centres and gymnasia operation 222
Heritage activities 221
Sport and recreation services 222
OTHER SERVICES (94110 to 96030) 225
Automotive body, paint and interior repair n.e.c. 228
Automotive repair and maintenance 225
Funeral, crematorium and cemetery services 233
Hairdressing and beauty services 232
Laundry and dry cleaning services 233
Other machinery and equipment repair and maintenance 229
Photographic film processing 235

Not issued as a draft

References

ATO references:
NO 1-6GI83JW

ISSN: 1039-0731

Related Rulings/Determinations:

IT 2685
TR 2000/18
TR 2006/5
TR 2006/15
TR 2007/3
TR 2008/4
TR 2009/4
TR 2010/2
TR 2011/2
TR 2012/2
TR 2013/4
TR 2014/4

Subject References:
capped lives
determination of effective life
decline in value
depreciating assets
effective life
effective life determination

Legislative References:
ITAA 1997
ITAA 1997 Div 40
ITAA 1997 40-70(1)
ITAA 1997 40-72(1)
ITAA 1997 40-75(1)
ITAA 1997 40-95
ITAA 1997 40-100
ITAA 1997 40-100(5)
ITAA 1997 40-100(6)(b)
ITAA 1997 40-102(4)
ITAA 1997 40-102(4A)
ITAA 1997 40-105
ITAA 1997 40-110
TAA 1953

Other References:
Income Tax (Effective Life of Depreciating Assets) Determination 2015

TR 2015/2 history
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