Taxation Ruling

TR 2018/4

Income tax: effective life of depreciating assets (applicable from 1 July 2018)

  • Please note that the PDF version is the authorised version of this ruling.
    This Ruling, which applies from 1 July 2018, replaces TR 2017/2 (see paragraph 5 of this Ruling for further details).

C

C
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Car park assets:
    Automatic and semi-automatic parking systems (including platforms, stackers, turntables etc) 20     *     1 Jul 2016
    Automatic payment machines/stations 10     *     1 Jul 2016
    Barrier gates/boom gates - see Table B Boom gates
    Car park floodlighting 20     *     1 Jul 2016
    Car park signage 7     *     1 Jul 2016
    Entry and exit stations/columns (including RFID card readers, ticket dispensing machines, ticket readers etc) 10     *     1 Jul 2016
    Licence plate recognition cameras and systems 5     *     1 Jul 2016
    Parking guidance assets:
        Automatic vehicle counter systems (incorporating counter modules and signage) 7     *     1 Jul 2016
        Parking guidance systems (incorporating controllers, detectors, dynamic signage, lighting etc) 7     *     1 Jul 2016
    Pay and display machines/Pay and go machines 8     *     1 Jul 2016
    Security and monitoring assets:
        Generally (including CCTV systems) - see Table B Security and monitoring assets
        Intercommunication (intercom) system assets 7     *     1 Jul 2016
        Two-way radios - see Table B Two-way radios
Ceiling fans 10     *     1 Jul 2016
Compaction assets:
    Compactors - flat plate 8     *     1 Jul 2008
    Compactors - vertical rammer 6     *     1 Jul 2008
Computers and computer equipment:
    Computers and computer equipment (not specified elsewhere below) 4     *     1 Jul 2016
    Computer monitors 4     *     1 Jul 2016
    Desktop computers (including personal computers) 4     *     1 Jul 2016
    Mainframe computers 5     *     1 Jul 2016
    Mobile/portable computers (including laptops, tablets) 2     *     1 Jul 2016
    Network equipment (including hubs, modems routers, switches, etc) 5     *     1 Jul 2016
    Raised floors 25     *     1 Jul 2017
    Servers 4     *     1 Jul 2016
Concrete truck mixers (incorporating barrel, chutes, frame and hydraulic pumps) 5     *     1 Jul 2014
Concreting assets:
    Brick and paving saws 5     *     1 Jul 2008
    Concrete demolition saws 3     *     1 Jul 2008
    Concrete kibble buckets 15     *     1 Jul 2008
    Concrete mixers 4     *     1 Jul 2008
    Concrete surface preparation assets (including floor grinders, planers and scarifers) 5     *     1 Jul 2008
    Concrete trowels:
        Walk behind 5     *     1 Jul 2008
        Ride on 7     *     1 Jul 2008
    Concrete vibrating screeders 5     *     1 Jul 2008
    Concrete vibrators:
        Brushcutter style 5     *     1 Jul 2008
        Drive units 6     *     1 Jul 2008
        Flexible shaft pumps 6     *     1 Jul 2008
        Vibrating shafts 3     *     1 Jul 2008
    Concrete wheeled saws 6     *     1 Jul 2008
Control systems and control system assets (including control cabinets and panels, instruments, programmable logic controllers (PLCs), sensors, switchgear telemetry and variable speed drives VSDs)) 10     *     1 Jul 2015
Cranes (gantry and overhead) 25     *     1 Jul 2014
Curtains and drapes 6     *     1 Jul 2004


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