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 consolidated version of this ruling and amending notices.
    This document has been Withdrawn.
    View the Withdrawal notice for this document.
    This Ruling, which applies from 1 July 2018, replaces TR 2017/2 (see paragraph 5 of this Ruling for further details).
    This Ruling has been replaced by TR 2019/5 .

F

F
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Fences:
    Portable electric fences 20     *     1 Jul 2014
    Wire mesh (demountable used for partitioning purposes, including portable electric fences) 20     *     1 Jul 2014
Fire control and alarm assets:
    Alarms:
        Heat 6     *     1 Jul 2004
        Smoke 6     *     1 Jul 2004
    Detection and alarm systems:
        Alarm bells 12     *     1 Jul 2004
        Detectors:
            Aspirated smoke 12     *     1 Jul 2004
            Heat 20     *     1 Jul 2004
            Manual call point (addressable type only) 20     *     1 Jul 2004
            Multi type 20     *     1 Jul 2004
            Smoke 20     *     1 Jul 2004
        Fire indicator panels 12     *     1 Jul 2004
        Gas suppression cylinders 25     *     1 Jul 2004
    Emergency warning and intercommunication systems:
        Master emergency control panels 12     *     1 Jul 2004
        Speakers 12     *     1 Jul 2004
        Strobe lights 12     *     1 Jul 2004
        Warden intercom phones 12     *     1 Jul 2004
    Extinguishers 15     *     1 Jul 2004
    Hoses and nozzles 10     *     1 Jul 2004
    Pumps (including diesel and electric) 25     *     1 Jul 2004
    Stair pressurisation assets:
        AC variable speed drives (VSDs) 10     *     1 Jul 2004
        Pressurisation and extraction fans 25     *     1 Jul 2004
        Sensors 10     *     1 Jul 2004
Floor coverings (removable without damage):
    Carpets (excluding fixed carpet tiles) 8     *     1 Jul 2016
    Floating timber 15     *     1 Jul 2016
    Linoleum and vinyl 10     *     1 Jul 2016
Fogging machines (insecticide, including cold foggers and thermal foggers):
    Portable 6     *     1 Jul 2013
    Vehicle mounted 10     *     1 Jul 2013
Forklifts 11     *     1 Jul 2002
Forklift battery chargers 11     *     1 Jul 2013
Formwork, beams and props, steel 10     *     1 Jul 2008
Foundations for plant and machinery (integral to the operation of such plant and machinery, but not incorporated into the plant and machinery itself) 40     *     1 Jul 2014


View complete RulingView complete RulingBack to top