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).

S

S
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Saws, bench and mitre, portable 7     *     1 Jul 2008
Security and monitoring assets:
    Access control systems:
        Code pads 5     *     1 Jul 2004
        Door controllers 5     *     1 Jul 2004
        Readers:
            Proximity 7     *     1 Jul 2004
            Swipe card 3     *     1 Jul 2004
    Ballistic and blast resistant screens and barriers (including fixed and rising types) not forming part of the building 20     *     1 Jul 2014
    CCTV systems:
        Cameras 4     *     1 Jul 2004
        Monitors 4     *     1 Jul 2004
        Recorders:
            Digital 4     *     1 Jul 2004
            Time lapse 2     *     1 Jul 2004
        Switching units (including multiplexers) 5     *     1 Jul 2004
    Security systems:
        Code pads 5     *     1 Jul 2004
        Control panels 5     *     1 Jul 2004
        Detectors (including glass, passive infrared and vibration) 5     *     1 Jul 2004
        Global system for mobiles (GSM) units 5     *     1 Jul 2004
        Noise maker (including alarms and bells) 5     *     1 Jul 2004
Sewing machines 10     *     1 Jan 2014
Signage for business identification (including lighting for signs) - see Table B Advertising signs
Silos:
    Bulk handling:
        Ancillary mechanical assets (including augers, bucket elevators, conveyors etc) 15     *     1 Jul 2014
        Concrete construction 50     *     1 Jan 2004
        Galvanised construction 30     *     1 Jan 2004
        Steel construction 40     *     1 Jan 2004
Solar photovoltaic electricity generation system assets 20     *     1 Jul 2011
Spas used as plant in a business (incorporating blowers, controls, filters, heaters and pumps) 17     *     1 Jul 2014
Spray booths 15     *     1 Jul 2014
Stacks (chimney stacks, exhaust stacks, flues etc):
    Concrete stacks (including concrete reinforced stacks) 30     *     1 Jul 2014
    Flare stacks 25     *     1 Jul 2014
    Reinforced plastic stacks 25     *     1 Jul 2014
    Steel stacks (steel flues) 20     *     1 Jul 2014
Suitcases 10     *     1 Jul 2013
Swimming pool assets:
    Chlorinators 12     *     1 Jul 2004
    Cleaning assets 7     *     1 Jul 2004
    Filtration assets (including pumps) 12     *     1 Jul 2004
    Heaters:
        Electric 15     *     1 Jul 2004
        Gas 15     *     1 Jul 2004
        Solar 20     *     1 Jul 2004
    Swimming pools (used as plant in a business):
        Above-ground 10     *     1 Jul 2005
        Concrete 50     *     1 Jul 2005
        Fibreglass 20     *     1 Jul 2005
Switchboards 20     *     1 Jul 2014
Synthetic lawn surfaces 5     *     1 Jul 2014


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