Taxation Ruling

TR 2019/5

Income tax: effective life of depreciating assets (applicable from 1 July 2019)

  • Please note that the PDF version is the authorised version of this ruling.
    This Ruling, which applies from 1 July 2019, replaces TR 2018/4 (see paragraph 5 of this Ruling for further details).
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Arts and recreation services - (89100 to 92099)

ARTS AND RECREATION SERVICES
(89100 to 92099)
Heritage activities
(89100 to 89220)
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Museum displays in aircraft/war museums 100 1   Jan   2001
Parks and gardens:
    Lion parks:
        Animal cages and sheds 20 1   Jan   2001
        Animal huts 10 1   Jan   2001
    Planetarium domes 33   1/3 1   Jan   2001
    Sea life centres:
        Fibreglass aquarium tanks 20 1   Jan   2001
        Ketches 13   1/3 1   Jan   2001
        TV audio systems 10 1   Jan   2001
Creative and performing arts activities
(90010 to 90030)
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Theatre equipment:
    Accessories (theatrical - wigs, costumes etc) 5 1   Jan   2001
Performing dogs - see Table B Working dogs
Health and fitness centres and gymnasia operation
(91110)
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Health and fitness centre operation assets:
    Cardiovascular training machines:
        Cross trainers, steppers and treadmills 4     *     1   Jul   2012
        Exercise bicycles (including spin bicycles, upright and recumbent bicycles) 4     *     1   Jul   2012
        Rowing machines 5     *     1   Jul   2012
    Free weight training assets:
        Barbells, dumbbells, kettle bells, weight plates and storage racks 6     *     1   Jul   2012
        Benches (including abdominal crunch, adjustable, declined, inclined and flat benches) 8     *     1   Jul   2012
    Resistance training machines (including abdomen, arm, back, chest, hip, leg, shoulder and multiple training machines) 8     *     1   Jul   2012
    Support assets:
        Audio visual entertainment assets (including amplifiers, audio speakers, digital disc players and television sets) 4     *     1   Jul   2012
        Fans (including wall mounted) 5     *     1   Jul   2012
        Lockers 8     *     1   Jul   2012
        Platform scales 5     *     1   Jul   2012
Sport and recreation services
(91121 to 91390)
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Amusement machines and equipment:
    Coin-operated amusement machines:
        Children's rides 5     *     1   Jul   2001
        Convertible video games/simulators (cabinet) 5   ½     *     1   Jul   2001
        Dedicated video games/simulators 3   ½     *     1   Jul   2001
        Interchangeable video game kits 1     *     1   Jul   2001
        Juke boxes (CD) 10     *     1   Jul   2001
        Photo-image machines 3   ½     *     1   Jul   2001
        Pinball machines 3   ½     *     1   Jul   2001
        Pool/billiard tables 10     *     1   Jul   2001
        Redemption games (prizes/tickets) 5   ½     *     1   Jul   2001
        Table games (including air hockey, soccer etc) 5   ½     *     1   Jul   2001
    Billiard tables 40 1   Jan   2001
    Rides and devices (fixed or mobile):
        Chair-o-planes 15     *     1   Jan   2002
        Children's indoor soft playgrounds 5     *     1   Jan   2002
        Children's rides (designed for the carriage of children less than 8 years old) 15     *     1   Jan   2002
        Ferris wheels 25     *     1   Jan   2002
        Free falls (including giant drop and tower of terror) 25     *     1   Jan   2002
        Inflatables (including jumping castles) 5     *     1   Jan   2002
        Overhead transit devices (including chair lifts and cabin lifts) 25     *     1   Jan   2002
        Roller coasters:
            Non-powered (including corkscrew loop, looping coasters and mini roller coasters - wild cat, madmouse) 25     *     1   Jan   2002
            Powered (including tornado) 15     *     1   Jan   2002
        Round rides with or without additional motions (including merry-go-rounds) 15     *     1   Jan   2002
        Self-drive non-powered gravity rides (including toboggans and bob-sleds):
            Track 20     *     1   Jan   2002
            Vehicle 5     *     1   Jan   2002
        Self-drive powered rides (including dodgems and go-karts):
            Track 15     *     1   Jan   2002
            Vehicle 5     *     1   Jan   2002
        Simulators 10     *     1   Jan   2002
        Swinging rides (including pirate ship, spaceloop, and rainbow) 15     *     1   Jan   2002
        Trains, tracked or trackless (including tractor trains and miniature railways) 10     *     1   Jan   2002
        Water rides 20     *     1   Jan   2002
        Water slides (gravity powered) 20     *     1   Jan   2002
Bowling centres (plant and equipment):
    Bowling alleys (timber - including ball return tracks, gutters, pit signals and terminals) 13   1/3 1   Jan   2001
    Bowling balls 5 1   Jan   2001
    Carpets 4 1   Jan   2001
    Masking units 10 1   Jan   2001
    Pin setters and pin spotters 10 1   Jan   2001
    Other equipment 13   1/3 1   Jan   2001
Golf courses (miniature):
    Carpets on stairways 3 1   Jan   2001
    Lighting plant, electric motors, moving parts 20 1   Jan   2001
    Lighting standards 40 1   Jan   2001
Marina operation:
    Boat cradles 10     *     1   Jul   2002
    Boat storage racks 10     *     1   Jul   2002
    Forklifts 11     *     1   Jul   2002
    Marina - wet berths (incorporating piling, decking and floating pontoons) 20     *     1   Jul   2002
    Mooring buoys 10     *     1   Jul   2002
    Travel lifts 15     *     1   Jul   2002
Racehorses 10 1   Jan   2001
Racing cars 2 1   Jan   2001
Shuffle boards 10 1   Jan   2001
Skating rink plant:
    Fittings (open air) 20 1   Jan   2001
    General freezing plant and equipment 13   1/3 1   Jan   2001
    Hired ice skating boots 5 1   Jan   2001
    Roller skates 5 1   Jan   2001
    Surface (synthetic panels) 10 1   Jan   2001
Ski equipment (skis, boots and stocks for hiring to public) 3 1   Jan   2001
Ski maintenance machines 13   1/3 1   Jan   2001
Space theatre domes 33   1/3 1   Jan   2001
Tennis court surfaces:
    Bitumen 20 1   Jan   2001
    Plexipave 20 1   Jan   2001
    Synthetic lawn 10 1   Jan   2001
Trampolines 10 1   Jan   2001
Gambling activities
(92010 to 92099)
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Poker/gaming machines 7     *     1   Jul   2009
Totalisators:
    Computer equipment 10 1   Jan   2001
    Ancillary equipment (eg ticket issuing machines) 13   1/3 1   Jan   2001

Not previously issued as a draft

References

ATO references:
NO 1-HHM96UX

Previous Rulings/Determinations:
TR 2013/4
TR 2014/4
TR 2015/2
TR 2016/1
TR 2017/2
TR 2018/4

ISSN: 2205-6122

Subject References:
depreciation
depreciation rate
effective life

Business Line:  PGI

Legislative References:
ITAA 1997
ITAA 1997 Div 40
ITAA 1997 40-25
ITAA 1997 40-70(1)
ITAA 1997 40-72(1)
ITAA 1997 40-75(1)
ITAA 1997 40-95
ITAA 1997 40-95(4)
ITAA 1997 40-95(5)
ITAA 1997 40-95(7)
ITAA 1997 40-100
ITAA 1997 40-100(5)
ITAA 1997 40-100(6)(b)
ITAA 1997 40-102
ITAA 1997 40-102(4)
ITAA 1997 40-102(4A)
ITAA 1997 40-105
ITAA 1997 40-110
ITAA 1997 40-345(2)
TAA 1953

Other References:
Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2019 (No. 1)

TR 2019/5 history
  Date: Version: Change:
  26 June 2019 Original ruling  
You are here 22 April 2020 Consolidated ruling  

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