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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A

A
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Accommodation units in caravan/tourist parks being articles, not fixtures, and used for a specified purpose [46] :
    Relocatable homes and tourist park cabins constructed with chassis 20     *     1   Jul   2015
    Other accommodation units (eg manufactured homes) 30     *     1   Jul   2015
Additive manufacturing printers (including 3D printers) 3     *     1   Jul   2016
Advertising signs:
    Billboard assets:
        Billboard lighting:
            HID/Metal halide lighting systems 5     *     1   Jul   2015
            LED lighting systems (including solar powered LED lighting systems) 10     *     1   Jul   2015
            Solar power generating assets - see Table B Solar photovoltaic electricity generation system assets
        Billboard steel structures (incorporating electrical systems, footings, scaffolding and walking platforms and steel frame sign panels) 20     *     1   Jul   2015
        Computer hardware - see Table B Computers
        Digital LED screens 6     *     1   Jul   2015
        Electronic message centre (EMC) units 3     *     1   Jul   2015
        Mobile billboard assets:
            Digital LED screens 4     *     1   Jul   2015
            Mobile billboard trucks and trailers - see Table B Motor vehicles and trailers
    Floor mounted internal advertising panels (used in airports and shopping centres etc) 7     *     1   Jul   2015
    Kiosks and other external standalone advertising panel structures 15     *     1   Jul   2015
    LED advertising screens (used in office tower foyers etc) 5     *     1   Jul   2015
    Wall mounted advertising panels (used in airports, rail concourses and platforms, shopping centres etc):
        Digital LED advertising panels 5     *     1   Jul   2015
        Static advertising panels 10     *     1   Jul   2015
Air compression assets:
    Air compression assets generally (including air compressors, air dryers and air receivers) 15     *     1   Jul   2014
    Air compressors (portable):
        Compressors - reciprocating 7     *     1   Jul   2014
        Compressors - rotary screw 10     *     1   Jul   2014
Air-conditioning assets (excluding pipes, duct work and vents):
    Air handling units 20     *     1   Jul   2003
    Cooling towers 15     *     1   Jul   2003
    Condensing sets 15     *     1   Jul   2003
    Chillers:
        Absorption 25     *     1   Jul   2003
        Centrifugal 20     *     1   Jul   2003
        Volumetrics (including reciprocating, rotary, screw, scroll):
            Air-cooled 15     *     1   Jul   2003
            Water-cooled 20     *     1   Jul   2003
    Damper motors (including variable air volume box controllers) 10     *     1   Jul   2003
    Fan coil units (connected to a condensing set) 15     *     1   Jul   2003
    Humidifiers (steam generator) 10     *     1   Jul   2003
    Mini split systems up to 20KW (including ceiling, floor and high wall split systems) 10     *     1   Jul   2003
    Packaged air conditioning units 15     *     1   Jul   2003
    Pumps 20     *     1   Jul   2003
    Room units 10     *     1   Jul   2003
Aircraft:
    Aeroplanes:
        General use [47] 20     *#     1   Jul   2002
        Used predominantly for agricultural spraying or agricultural dusting [48] 10     *#     1   Jul   2002
    Helicopters:
        General use [49] 20     *#     1   Jul   2002
        Used predominantly for mustering, agricultural spraying or agricultural dusting [50] 10     *#     1   Jul   2002
Airless sprayers (used in painting, epoxy and polyurethane coating, priming etc):
    Electrically and petrol-driven units 7     *     1   Jul   2013
    Pneumatically-driven units 15     *     1   Jul   2013
Artworks qualifying as depreciating assets (restricted to works of art and reproductions of artwork that are tangible in nature, such as paintings, sculptures, drawings, engravings and photographs, that are displayed in open viewing areas in premises used for taxable purposes including reception areas, waiting rooms and foyers) 100     *     1   Jul   2013
Automatic teller machines (ATMs) 7     *     1   Jul   2019

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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