Taxation Ruling
TR 2014/4
TR 2014/4 - Income tax: effective life of depreciating assets (applicable from 1 July 2014)
This version is no longer current. Please follow this link to view the current version. |
-
Please note that the PDF version is the authorised consolidated version of this ruling and amending notices.This Ruling, which applies from 1 July 2014, replaces TR 2013/4 (see paragraph 5 of this Ruling for further details).This document has changed over time. View its history.
TR 2014/4 - Effective lives (Asset Categories)
Table B as at 1 July 2014
A | |||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Advertising Signs: | |||
Billboards (hoarding) | 20 | 1 Jan 2001 | |
Roller board (moving surface) | 6 ⅔ | 1 Jan 2001 | |
Solar powered (real estate signs) | 13 ⅓ | 1 Jan 2001 | |
Air compression assets: | |||
Air compression assets generally (including air compressors, air dryers and air receivers) | 20 | * | 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 controller) | 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 system up to 20KW (including ceiling, floor and high wall split system) | 10 | * | 1 Jul 2003 |
Packaged air conditioning units | 15 | * | 1 Jul 2003 |
Pumps | 20 | * | 1 Jul 2003 |
Room units | 10 | * | 1 Jul 2003 |
Aircraft: | |||
Aeroplane: | |||
General use [23] | 20 | *# | 1 Jul 2002 |
Used predominantly for agricultural spraying or agricultural dusting [24] | 10 | *# | 1 Jul 2002 |
Helicopters: | |||
General use [25] | 20 | *# | 1 Jul 2002 |
Used predominantly for agricultural spraying or agricultural dusting [26] | 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 Machine | 8 | * | 1 Jul 2001 |
B | |||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Bending machines (bar, angle and rod) | 10 | * | 1 Jul 2008 |
Block and brick elevators, portable | 10 | * | 1 Jul 2008 |
Boilers | 20 | * | 1 Jul 2005 |
Boom gates: | |||
Electromechanically operated boom gates | 7 | * | 1 Jul 2013 |
Hydraulically operated boom gates | 10 | * | 1 Jul 2013 |
Building maintenance units | 35 | * | 1 Jul 2005 |
Buildings: | |||
To the extent that they form an integral part of plant and machinery: | |||
Brick, stone or concrete structures | 100 | 1 Jan 2001 | |
Gantries | 33 ⅓ | 1 Jan 2001 | |
Other structures | 33 ⅓ | 1 Jan 2001 | |
Freezing Works: | 1 Jan 2001 | ||
Brick, stone or concrete structure | 100 | 1 Jan 2001 | |
Wholly wooden structure | 20 | 1 Jan 2001 | |
Primary Production, Forestry and Pearling Industries: | |||
Non-residential: | |||
With brick, stone or concrete walls | 50 | 1 Jan 2001 | |
With wood and/or iron walls | 33 | 1 Jan 2001 | |
C | |||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Caravans: | |||
Generally | 6 ⅔ | 1 Jan 2001 | |
Used only within the confines of a caravan park | 10 | 1 Jan 2001 | |
Car Parking (hydraulic elevated platforms and hoists including control equipment) | 10 | 1 Jan 2001 | |
Compaction: | |||
Compactors - flat plate | 8 | * | 1 Jul 2008 |
Compactors - vertical rammer | 6 | * | 1 Jul 2008 |
Computers: | |||
Generally | 4 | * | 1 Jan 2001 |
Laptops | 3 | * | 1 Jan 2001 |
Raised access floors in computer data rooms and server rooms | 40 | * | 1 Jul 2014 |
Concrete truck mixers (incorporating barrel, chutes, frame and hydraulic pumps) | 5 | * | 1 Jul 2014 |
Concreting assets: | |||
Brick and paving saws | 5 | * | 1 Jul 2008 |
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 scarifers) | 5 | * | 1 Jul 2008 |
Concrete trowels: | |||
Walk behind | 5 | * | 1 Jul 2008 |
Ride on | 7 | * | 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 shafts | 3 | * | 1 Jul 2008 |
Concrete wheeled saws | 6 | * | 1 Jul 2008 |
Cranes (gantry and overhead) | 25 | * | 1 Jul 2014 |
Curtains and Drapes | 6 | * | 1 Jul 2004 |
D | |||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Door control and motor drive system for automatic sliding doors (incorporating chains, controls, motors and sensors, excluding doors) | 15 | * | 1 Jul 2005 |
Dozers/Front End Loaders | 9 | * | 1 Jul 2002 |
Drink dispensing machines | 10 | * | 1 Jul 2005 |
E | |||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Elevated work platforms: | |||
Boom (including knuckle and telescopic) | 15 | * | 1 Jan 2006 |
Personal | 10 | * | 1 Jan 2006 |
Scissor | 10 | * | 1 Jan 2006 |
Employee time and attendance recorders (including bundy clocks, time clocks etc): | |||
Computerised time and attendance recorders (including fingerprint and face recognition systems and swipe card digital time clock systems) | 10 | * | 1 Jul 2013 |
Standalone electronic time and attendance recorders (card based etc) | 10 | * | 1 Jul 2013 |
Escalators (machinery and their moving parts) | 20 | * | 1 Jan 2003 |
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: | |||
A C variable speed drive | 10 | * | 1 Jul 2004 |
Pressurisation and extraction fans | 25 | * | 1 Jul 2004 |
Sensors | 10 | * | 1 Jul 2004 |
Floor coverings - linoleum and vinyl (removable without damage) | 10 | * | 1 Jul 2013 |
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 |
G | |||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Generators (see in Table B, Power supply assets) | |||
H | |||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Hand dryers (electrical) | 10 | * | 1 Jul 2013 |
Hand tools (manually operated) | 10 | * | 1 Jul 2014 |
J | |||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Judges' robes: | |||
Ceremonial robes | 15 | * | 1 Jul 2013 |
Working robes | 10 | * | 1 Jul 2013 |
L | |||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Laboratory assets used in quality control, sample checking etc: | |||
Automated and electronically based laboratory assets (including analysers, refractometers, spectrometry machines etc) | 7 | * | 1 Jul 2014 |
Other laboratory assets (including autoclaves, centrifuges, microscopes, ovens etc) | 10 | * | 1 Jul 2014 |
Ladders (including stepladders, work platforms extension ladders, trestles and planks): | |||
Aluminium | 4 | * | 1 Jan 2006 |
Fibreglass | 4 | * | 1 Jan 2006 |
Laser cutting machines | 10 | * | 1 Jul 2014 |
Levels: | |||
Dumpy | 7 | * | 1 Jul 2008 |
Laser beam | 10 | * | 1 Jul 2008 |
Lift slab assets (incorporating spreader bars, clutches, pulleys and cables) | 5 | * | 1 Jul 2008 |
Libraries (professional) | 10 | * | 1 Jul 2014 |
Lifts (elevated work platforms): | |||
Boom (including knuckle and telescopic) | 15 | * | 1 Jan 2006 |
Personal | 10 | * | 1 Jan 2006 |
Scissor | 10 | * | 1 Jan 2006 |
Lifts (including dumbwaiters, hydraulic lifts and traction lifts) | 30 | * | 1 Jan 2003 |
Lighting control systems (microprocessor based) | 5 | * | 1 Jul 2014 |
Livestock being working beasts and beasts of burden (including camels and horses) used in a business other than primary production | 15 | * | 1 Jul 2014 |
Loading bay assets: | |||
Dock levellers | 20 | * | 1 Jul 2005 |
Pallet jacks and pallet trucks | 10 | * | 1 Jul 2005 |
Scissor lifts | 15 | * | 1 Jul 2005 |
M | |||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Machine tools (grinding machines, lathes, milling machines etc): | |||
CNC and NC based machines | 10 | * | 1 Jul 2014 |
Conventional or manual machines | 20 | * | 1 Jul 2014 |
Mini-skid steer loaders (with a carrying capacity less than or equal to 1100 kg) | 5 | * | 1 Jul 2005 |
Mini-skid steer loader attachments: | |||
Others (including auger and bucket) | 5 | * | 1 Jan 2004 |
Stump grinders | 2 | * | 1 Jan 2004 |
Motor graders | 10 | * | 1 Jul 2002 |
Motor vehicles, etc: | |||
Buses having a gross vehicle mass of more than 3.5 tonnes [27] | 15 | *# | 1 Jan 2005 |
Cars (motor vehicles designed to carry a load of less than one tonne and fewer than 9 passengers): | |||
Generally | 8 | * | 1 Jan 2006 |
Hire and travellers' cars | 5 | 1 Jan 2001 | |
Taxis | 4 | 1 Jan 2001 | |
Garbage compactor trucks - see Table A Waste disposal services (29110) | |||
Light commercial vehicles designed to carry a load of one tonne or greater and having a gross vehicle mass of 3.5 tonnes or less [28] | 12 | *# | 1 Jan 2005 |
Minibuses having a gross vehicle mass of 3.5 tonnes or less and designed to carry 9 or more passengers [29] | 12 | *# | 1 Jan 2005 |
Motor cycles and scooters | 6 ⅔ | 1 Jan 2001 | |
Trailers having a gross vehicle mass greater than 4.5 tonnes [30] | 15 | *# | 1 Jan 2005 |
Trailers having a gross vehicle mass of 4.5 tonnes or less | 10 | 1 Jan 2005 | |
Trucks having a gross vehicle mass greater than 3.5 tonnes (excluding off highway trucks used in mining operations) [31] | 15 | *# | 1 Jan 2005 |
Moving walks | 20 | * | 1 Jan 2003 |
Musical Instruments, etc: | |||
Associated portable equipment (including amplifiers, microphones, speakers, mixers and music stands) | 6 ⅔ | * | 1 Jan 2001 |
Brass | 10 | * | 1 Jan 2001 |
Keyboard (Acoustic) | 10 | * | 1 Jan 2001 |
Keyboard (Electric) | 5 | * | 1 Jan 2001 |
Percussion | 5 | * | 1 Jan 2001 |
Stringed | 10 | * | 1 Jan 2001 |
Woodwind | 10 | * | 1 Jan 2001 |
O | |||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Office furniture, freestanding: | |||
Bookcases: | |||
Timber | 15 | * | 1 Jul 2005 |
Metal | 20 | * | 1 Jul 2005 |
Cabinets (including credenzas, cupboards, filing, mapping, mobile, stationery and storage type): | |||
Timber/laminated | 15 | * | 1 Jul 2005 |
Metal | 20 | * | 1 Jul 2005 |
Chairs | 10 | * | 1 Jul 2005 |
Desks | 20 | * | 1 Jul 2005 |
Mobile storage units (compactus type) | 25 | * | 1 Jul 2005 |
Reception assets (including lobby chairs, desks, lounges, sofas and tables) | 10 | * | 1 Jul 2005 |
Screens | 20 | * | 1 Jul 2005 |
Tables: | |||
Boardroom | 20 | * | 1 Jul 2005 |
General | 10 | * | 1 Jul 2005 |
Workstations (including desks and partitions) | 20 | * | 1 Jul 2005 |
Office Machines and Equipment: | |||
Electronic whiteboard | 6 | * | 1 Jan 2001 |
Enveloping machine | 6 | * | 1 Jan 2001 |
Facsimile machine | 5 | * | 1 Jan 2001 |
Letter folding and inserting machines (including envelope inserters and letter inserters - desktop/low volume units) | 5 | * | 1 Jul 2013 |
Mailing machine | 5 | * | 1 Jan 2001 |
Multi function machine (includes fax, copy, print and scan function) | 5 | * | 1 Jan 2001 |
Photo copying machines | 5 | * | 1 Jan 2001 |
Projectors (including lenses) | 5 | * | 1 Jul 2014 |
Shredders | 15 | * | 1 Jul 2005 |
Trolleys | 15 | * | 1 Jul 2005 |
Whiteboards | 10 | * | 1 Jul 2005 |
P | |||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Packaging machines: | |||
Bagging machines (including flow wrappers, form fill and seal machines, and roll wrapping machines) | 10 | * | 1 Jul 2009 |
Carton erecting, packing and closing machines (including cartoners) | 10 | * | 1 Jul 2009 |
Case erecting, packing and closing machines (including casepackers) | 10 | * | 1 Jul 2009 |
Inspection equipment including checkweighers, metal detectors, counting machines etc | 10 | * | 1 Jul 2009 |
Multihead and singlehead weighers | 10 | * | 1 Jul 2009 |
Palletisers and depalletisers | 12 | * | 1 Jul 2009 |
Product identification labellers including decorating, applicators and coding machines | 8 | * | 1 Jul 2009 |
Robotic pick and place packaging machines | 10 | * | 1 Jul 2009 |
Wrapping machines including shrink wrappers, stretch wrappers and strapping machines | 10 | * | 1 Jul 2009 |
Partitions (demountable) | 20 | * | 1 Jul 2005 |
Platform scales | 15 | * | 1 Jul 2014 |
Plumbing fixtures and fittings (including wall and floor tiles) provided mainly for employees and/or children of employees of an entity carrying on a business for the purpose of producing assessable income | 20 | 1 Jan 2001 | |
Pneumatic air tube systems | 10 | * | 1 Jul 2013 |
Point of sale assets: | |||
Cash registers, standalone type | 10 | * | 1 Jul 2005 |
Cash transfer system assets, pneumatic type (including printer circuit board, transfer pipes and turbines) | 10 | * | 1 Jul 2005 |
Generally (including barcode scanners, cash drawers, dedicated computers, electronic funds transfer point of sale (EFTPOS) machines, keyboards, monitors, printers and terminals) | 6 | * | 1 Jul 2005 |
Weighing machines and scales (including weigh labelling machines) | 10 | * | 1 Jul 2005 |
Portable structures (sheds, site office trailers, portable toilets and washrooms etc) used for a temporary period in offsite locations (eg construction sites) | 15 | * | 1 Jul 2014 |
Powder coating machines and systems (automatic and manual) | 10 | * | 1 Jul 2014 |
Power supply assets: | |||
Emergency or standby: | |||
Generator assets: | |||
Acoustic hoods and canopies | 20 | * | 1 Jul 2005 |
Generators (incorporating attached engine management and generator monitoring instruments) | 25 | * | 1 Jul 2005 |
Power management units | 15 | * | 1 Jul 2005 |
Uninterruptible power supply (UPS) systems | 15 | * | 1 Jul 2013 |
Generators, portable (incorporating attached engine management and generator monitoring instruments): | |||
Diesel | 10 | * | 1 Jul 2008 |
Petrol | 5 | * | 1 Jul 2008 |
Private electricity line assets (where used for a specified purpose [32] ): | |||
Distribution lines: | |||
Combination of overhead and underground | 47 ½ | * | 1 Jul 2014 |
Overhead (incorporating poles - concrete, wood, steel or stobie - and electrical equipment the responsibility of the private landholder such as conductors; cross arms etc) | 45 | * | 1 Jul 2014 |
Underground (incorporating cables, fittings and ground pad mounted transformers) | 50 | * | 1 Jul 2014 |
Service cables, overhead | 40 | * | 1 Jul 2014 |
Service cables, underground | 50 | * | 1 Jul 2014 |
Storage batteries | 15 | * | 1 Jul 2013 |
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 |
Power transformers | 45 | * | 1 Jan 2002 |
Public address and paging system assets (including amplifiers, audio speakers and microphones) | 12 | * | 1 Jul 2005 |
R | |||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Refrigeration assets: | |||
Compressors, condensers, evaporators etc | 15 | * | 1 Jul 2014 |
Insulation panels used in cool or freezer rooms | 40 | * | 1 Jul 2014 |
Robots (industrial) | 10 | * | 1 Jul 2014 |
S | |||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Saws, bench and mitre, portable | 7 | * | 1 Jul 2008 |
Scaffolding: | |||
Aluminium | 5 | * | 1 Jan 2006 |
Fibreglass | 5 | * | 1 Jan 2006 |
Steel | 15 | * | 1 Jan 2006 |
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 |
Closed circuit television 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 infra-red and vibration) | 5 | * | 1 Jul 2004 |
Global system for mobiles (GSM) unit | 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) | 10 | * | 1 Jul 2005 |
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 surface | 5 | * | 1 Jul 2014 |
T | |||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Tarpaulins | 5 | * | 1 Jul 2014 |
Telephone Installations: | |||
Complete telephone system (comprising switchboards, instruments, cables etc) | 20 | 1 Jan 2001 | |
Mobile phones | 3 | * | 1 Jul 2014 |
PABX computerised assets | 10 | * | 1 Jan 2005 |
Telephone hand sets | 10 | * | 1 Jul 2005 |
Television sets | 10 | * | 1 Jul 2014 |
Total stations (used in mapping and surveying etc) | 5 | * | 1 Jul 2013 |
Tractors | 12 | * | 1 Jul 2007 |
Two-way radios: | |||
Base stations | 6 | * | 1 Jul 2014 |
Mobile units | 6 | * | 1 Jul 2014 |
Portable units | 3 | * | 1 Jul 2014 |
Repeaters | 7 | * | 1 Jul 2014 |
* | |||
V | |||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Vending Machine | 5 | * | 1 Jul 2001 |
Ventilation fans (excluding ducting, piping and vents) | 20 | * | 1 Jan 2005 |
* | |||
W | |||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Warehouse and distribution centre equipment and machines: | |||
Automated storage and retrieval machines | 20 | * | 1 Jul 2011 |
Balers | 15 | * | 1 Jul 2011 |
Battery assets for warehouse vehicles (including pallet trucks and forklifts): | |||
Batteries (detachable for recharging) | 5 | * | 1 Jul 2011 |
Battery chargers: | |||
Forklifts | 11 | * | 1 Jul 2011 |
Other | 10 | * | 1 Jul 2011 |
Handling assets: | |||
Battery tuggers | 10 | * | 1 Jul 2011 |
Racking roller beds | 15 | * | 1 Jul 2011 |
Transfer carts | 10 | * | 1 Jul 2011 |
Washers | 10 | * | 1 Jul 2011 |
Carts/buggies | 15 | * | 1 Jul 2011 |
Conveyors | 15 | * | 1 Jul 2011 |
Door control and motor drive systems (incorporating chains, controls, motor and sensors), excluding doors: | |||
External | 20 | * | 1 Jul 2011 |
Internal | 10 | * | 1 Jul 2011 |
Floor sweepers/scrubbers | 10 | * | 1 Jul 2011 |
Forklift attachments: | |||
Cages | 10 | * | 1 Jul 2011 |
Push pull units | 11 | * | 1 Jul 2011 |
Inflatable dock bags/seals/shelters | 10 | * | 1 Jul 2011 |
Pallet assets: | |||
Dispensers | 15 | * | 1 Jul 2011 |
Lift tables | 10 | * | 1 Jul 2011 |
Racks | 20 | * | 1 Jul 2011 |
Radio frequency terminal assets: | |||
Barcode readers/scanners | 5 | * | 1 Jul 2011 |
Portable/handheld and vehicle mounted terminal devices | 4 | * | 1 Jul 2011 |
Roll cages | 10 | * | 1 Jul 2011 |
Trolleys | 10 | * | 1 Jul 2011 |
Voice picking assets: | |||
Battery chargers | 4 | * | 1 Jul 2011 |
Headsets | 4 | * | 1 Jul 2011 |
Terminals (on person) | 4 | * | 1 Jul 2011 |
Waste compactors (used for cardboard and plastic): | |||
Electric | 15 | * | 1 Jul 2011 |
Hydraulic | 20 | * | 1 Jul 2011 |
Waste Storage and Disposal Bins (industrial) | 10 | 1 Jan 2001 | |
Weighbridges | 20 | * | 1 Jul 2014 |
Welders: | |||
Diesel | 10 | * | 1 Jul 2008 |
Electric | 5 | * | 1 Jul 2008 |
Oxygen welders and cutters | 10 | * | 1 Jul 2014 |
Footnotes
All legislative references are to the ITAA 1997 unless otherwise indicated.
In some circumstances, the effective life of an asset is not relevant in determining the deduction available under Division 40 for decline in value of the asset. Examples include allocating assets to a pool or where an immediate deduction is available.
A specified purpose is a taxable purpose, the purpose of producing exempt income or non-assessable non-exempt income, or the purpose of conducting R & D activities (assuming that this is reasonably likely).
A capped effective life of 6 ⅔ years is available - see subsection 40-102(5)
A capped effective life of 6 ⅔ years is available for harvesters listed in this sub-category (assets marked with #) - see subsection 40-102(5)
A capped effective life of 6 ⅔ years is available - see subsection 40-102(5)
A capped effective life of 6 ⅔ years is available - see subsection 40-102(5)
A capped effective life of 6 ⅔ years is available - see subsection 40-102(5)
A capped effective life of 6 ⅔ years is available - see subsection 40-102(5)
A capped effective life of 6 ⅔ years is available - see subsection 40-102(5)
A capped effective life of 6 ⅔ years is available - see subsection 40-102(5)
A capped effective life of 6 ⅔ years is available - see subsection 40-102(5)
A capped effective life of 6 ⅔ years is available where applicable (assets marked with #) - see subsection 40-102(5)
Defined as water containing in excess of 10 parts of salt per 1,000 parts of water.
A capped effective life of 15 years is available where applicable (assets marked with #) - see subsection 40-102(5)
A capped effective life of 15 years is available for assets marked with #, except offshore platforms - see subsection 40-102(5)
A capped effective life of 20 years is available - see subsection 40-102(5)
A capped effective life of 15 years is available where applicable (assets marked with #) - see subsection 40-102(5)
A capped effective life of 20 years is available where applicable (assets marked with #) - see subsection 40-102(5)
A capped effective life of 20 years is available where applicable (assets marked with #) - see subsection 40-102(5)
A capped effective life of 7 ½ years may be available - see subsection 40-102(4)
A capped effective life of 7 ½ years may be available - see subsection 40-102(4)
A capped effective life of 10 years is available - see subsection 40-102(4)
A capped effective life of 8 years is available - see subsection 40-102(4)
A capped effective life of 10 years is available - see subsection 40-102(4)
A capped effective life of 8 years is available - see subsection 40-102(4)
A capped effective life of 7 ½ years is available - see subsection 40-102(4)
A capped effective life of 7 ½ years is available - see subsection 40-102(4)
A capped effective life of 7 ½ years is available - see subsection 40-102(4)
A capped effective life of 10 years is available - see subsection 40-102(4)
A capped effective life of 7 ½ years is available - see subsection 40-102(4)
A specified purpose is a taxable purpose, the purpose of producing exempt income or non-assessable non-exempt income, or the purpose of conducting R & D activities (assuming that this is reasonably likely)
Not issued as a draft
References
ATO references:
NO 99/132027; 2000/20567; 2003/11601; 2004/17815; 2005/6504; 2005/18073; 2006/25212; 2007/7796; 2008/9394; 2009/5704; 1-20KCCA6; 1-2Z8ZAX4; 1-3VCCZ0O; 1-4NMTK3G; 1-5EJ20VG
Related Rulings/Determinations:
IT 2685
TR 2000/18
TR 2006/5
TR 2006/15
TR 2007/3
TR 2008/4
TR 2009/4
TR 2010/2
TR 2011/2
TR 2012/2
TR 2013/4
Subject References:
capped lives
determination of effective life
decline in value
depreciating assets
effective life
effective life determination
Legislative References:
ITAA 1997
ITAA 1997 Div 40
ITAA 1997 40-70(1)
ITAA 1997 40-72(1)
ITAA 1997 40-75(1)
ITAA 1997 40-95
ITAA 1997 40-100
ITAA 1997 40-100(5)
ITAA 1997 40-100(6)(b)
ITAA 1997 40-102(4)
ITAA 1997 40-102(4A)
ITAA 1997 40-105
ITAA 1997 40-110
TAA 1953
Other References:
Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2014 (No. 1)
Date: | Version: | Change: | |
25 June 2014 | Original ruling | ||
16 July 2014 | Consolidated ruling | Erratum | |
You are here | 6 August 2014 | Consolidated ruling | Addendum |