Taxation Ruling

TR 2018/4

Income tax: effective life of depreciating assets (applicable from 1 July 2018)

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    This Ruling, which applies from 1 July 2018, replaces TR 2017/2 (see paragraph 5 of this Ruling for further details).
    This Ruling has been replaced by TR 2019/5 .

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 8     *     1 Jul 2001


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