Taxation Ruling

TR 2018/4

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

  • Please note that the PDF version is the authorised version of this ruling.
    This Ruling, which applies from 1 July 2018, replaces TR 2017/2 (see paragraph 5 of this Ruling for further details).

P

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
    Bag sewers 7     *     1 Jul 2017
    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 pallet wrappers, shrink wrappers, stretch wrappers and strapping machines) 10     *     1 Jul 2017
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:
    Floor and wall tiles 20     *     1 Jul 2015
    Generally (including basins, bidets, sinks, toilets, urinals etc) 20     *     1 Jul 2015
    Tapware (including taps, mixers and shower heads and assemblies) 15     *     1 Jul 2015
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 regulation systems (PRS) 5     *     1 Jul 2016
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 nstruments):
        Diesel 10     *     1 Jul 2008
        Petrol 5     *     1 Jul 2008
    Private electricity line assets (where used for a specified purpose [58] ):
        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


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