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    This Ruling has been replaced by TR 2019/5 .

O

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ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Office furniture, freestanding:
    Bookcases:
        Metal 20     *     1 Jul 2005
        Timber 15     *     1 Jul 2005
    Cabinets (including credenzas, cupboards, filing, mapping, mobile, stationery and storage type):
        Metal 20     *     1 Jul 2005
        Timber/laminated 15     *     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 whiteboards 6     *     1 Jan 2001
    Enveloping machines 6     *     1 Jan 2001
    Facsimile machines 5     *     1 Jan 2001
    Letter folding and inserting machines (including envelope inserters and letter inserters - desktop/low volume units) 5     *     1 Jul 2013
    Mailing machines 5     *     1 Jan 2001
    Multi function machines (includes fax, copy, print and scan functions) 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


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