Taxation Ruling

TR 2020/3

Income tax: effective life of depreciating assets (applicable from 1 July 2020)

  • 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    This document has been Withdrawn.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 2020, replaces TR 2019/5 (see paragraph 5 of this Ruling for further details).

Construction - (30110 to 32990)

CONSTRUCTION
(30110 to 32990)
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Air compressors:
    Compressors - reciprocating 7     *     1 Jul 2008
    Compressors - rotary screw 10     *     1 Jul 2008
Backhoe loaders 9     *     1 Jul 2002
Bending machines (bar, angle or rod) 10     *     1 Jul 2008
Block and brick elevators (portable) 10     *     1 Jul 2008
Chain blocks, rod shears, jacks etc 13 1/3 1 Jan 2001
Compaction:
    Compactors - flat plate 8     *     1 Jul 2008
    Compactors - vertical rammer 6     *     1 Jul 2008
Concreting assets:
    Brick and paving saws 5     *     1 Jul 2008
    Buggies or dumpers (motorised) 5 1 Jan 2001
    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 scarifiers) 5     *     1 Jul 2008
    Concrete trowels:
        Ride on 7     *     1 Jul 2008
        Walk behind 5     *     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 shaft 3     *     1 Jul 2008
    Concrete wheeled saws 6     *     1 Jul 2008
    Hoppers, skips and hoist buckets 10 1 Jan 2001
    Mobile concrete pumping units 6 2/3 1 Jan 2001
Cranes (mobile):
    Light and medium 15     *     1 Jul 2002
    Heavy (over 15.24 tonnes lift) 20     *     1 Jul 2002
    Tower and hoists 10 1 Jan 2001
Dozers/front end loaders 9     *     1 Jul 2002
Forklifts 11     *     1 Jul 2002
Formwork, beams and props, steel 10     *     1 Jul 2008
Hydraulic excavators 10     *     1 Jul 2002
Lift slab assets (incorporating spreader bars, clutches, pulleys and cables) 5     *     1 Jul 2008
Mini excavators 8     *     1 Jul 2002
Motor graders 10     *     1 Jul 2002
Pavers 12     *     1 Jul 2002
Power supply assets:
    Generators, portable (incorporating attached engine management and generator monitoring instruments):
        Diesel 10     *     1 Jul 2008
        Petrol 5     *     1 Jul 2008
Power tools:
    Chain saws 3     *     1 Jul 2008
    Hand tools:
        Air 5     *     1 Jul 2008
        Battery 3     *     1 Jul 2008
        Electric 5     *     1 Jul 2008
    Jack hammers:
        Air 7     *     1 Jul 2008
        Electric 3     *     1 Jul 2008
    Nail guns - air 3     *     1 Jul 2008
Profilers 10     *     1 Jul 2002
Pumps 10 1 Jan 2001
Road rollers 15     *     1 Jul 2002
Saws, bench and mitre, portable 7     *     1 Jul 2008
Scrapers 8     *     1 Jul 2002
Skid steer loaders 7     *     1 Jul 2002
Stabiliser recyclers 12     *     1 Jul 2002
Surveying assets (including levels) - see Table A Surveying and mapping services (69220)
Telescopic handlers 10     *     1 Jul 2002
Tool carriers 10     *     1 Jul 2002
Track loaders 9     *     1 Jul 2002
Traffic management assets (use the relevant lives given under Table A Rental and hiring services (except real estate) (66110 to 66400), whether or not the assets are in fact hired or leased)
Welders:
    Diesel 10     *     1 Jul 2008
    Electric 5     *     1 Jul 2008
Wheel loaders 8     *     1 Jul 2002
Winches 13 1/3 1 Jan 2001
Other heavy and civil engineering construction n.e.c.
(31099)
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Automatic welding machines (used at sea in construction of submarine pipelines) 10 1 Jan 2001


View complete RulingView complete RulingBack to top