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Residential rental property items

Last updated 23 November 2015

Treatment as depreciating assets or capital works

In tables 3, 4, 5 and 6, ‘own estimate’ refers to the fact that, because there was no Commissioner’s determination in effect, you may make an estimate of the effective life in accordance with the principles set out in the previous column.

Table 3: Assets – general

Asset

Deduction for decline in value (effective life in years) for assets acquired before 1 July 2004

Deduction for decline in value (effective life in years) for assets acquired from 1 July 2004

Capital works deduction

air conditioning assets

see table 5

see table 5

-

cable trays

-

-

Yes

ceiling fans

own estimate

5

-

clocks, electric

13⅓

10

-

cupboards, other than freestanding

-

-

Yes

DVD players

own estimate

5

-

door closers

own estimate

10

-

door locks and latches (excluding electronic code pads)

-

-

Yes

door stops, fixed

-

-

Yes

door stops, freestanding

own estimate

10

-

electrical assets (including conduits, distribution boards, power points, safety switches, switchboards, switches and wiring)

-

-

Yes

escalators (machinery and moving parts)

see table 4

see table 4

-

evaporative coolers

see table 6

see table 6

-

facade, fixed

-

-

Yes

floor coverings, fixed (including cork, linoleum, parquetry, tiles and vinyl)

-

-

Yes

floor coverings (removable without damage):

-

-

-

carpet

10

10

-

floating timber

own estimate

15

-

linoleum

10

10

-

vinyl

10

10

-

furniture, freestanding

13⅓

13⅓

-

garbage bins

6⅔

10

-

garbage chutes

-

-

Yes

garbage compacting systems (excluding chutes)

6⅔

6⅔

-

generators

20

20

-

grease traps

-

-

Yes

gym assets:

-

-

-

cardiovascular

own estimate

5

-

resistance

own estimate

10

-

hand dryers, electrical

10

10

-

hand rails

-

-

Yes

heaters:

-

-

-

fixed:

-

-

-

ducts, pipes, vents and wiring

-

-

Yes

electric

10

15

-

fire places (including wood heaters)

-

-

Yes

gas:

-

-

-

ducted central heating unit

own estimate

20

-

other

own estimate

15

-

freestanding

10

15

-

hooks, robe

-

-

Yes

hot-water systems (excluding piping):

-

-

-

electric

20

12

-

gas

20

12

-

solar

20

15

-

hot-water system piping

-

-

Yes

insulation

-

-

Yes

intercom system assets

own estimate

10

-

lift wells

-

-

Yes

lifts (including hydraulic and traction lifts)

see table 4

see table 4

-

lights:

-

-

-

fittings (excluding hardwired)

20

5

-

fittings, hardwired

-

-

Yes

freestanding

own estimate

5

-

shades, removable

own estimate

5

-

linen

own estimate

5

-

master antenna television (MATV) assets:

-

-

-

amplifiers

own estimate

10

-

modulators

own estimate

10

-

power sources

own estimate

10

-

master antenna television (MATV) assets (excluding amplifiers, modulators and power sources)

-

-

Yes

mirrors, fixed

-

-

Yes

mirrors, freestanding

own estimate

15

-

radios

10

10

-

ramps

-

-

Yes

rugs

own estimate

7

-

safes, fixed

-

-

Yes

sanitary fixtures, fixed (including soap dispensers)

-

-

Yes

satellite dishes

-

-

Yes

screens

-

-

Yes

shelving, other than freestanding

-

-

Yes

shutters

-

-

Yes

signs, fixed

-

-

Yes

skylights

-

-

Yes

solar-powered generating system assets

own estimate

20

-

stereo systems (incorporating amplifiers, cassette players, compact disc players, radios and speakers)

own estimate

7

-

surround sound systems (incorporating audio-video receivers and speakers)

own estimate

10

-

telecommunications assets:

-

-

-

cordless phones

own estimate

4

-

distribution frames

-

-

Yes

PABX computerised assets

20

10

-

telephone hand sets

own estimate

10

-

television antennas, fixed

-

-

Yes

television antennas, freestanding

own estimate

5

-

television sets

10

10

-

vacuum cleaners:

-

-

-

ducted:

-

-

-

hoses

own estimate

10

-

motors

own estimate

10

-

wands

own estimate

10

-

portable

10

10

-

vacuum cleaners, ducted (excluding hoses, motors and wands)

-

-

Yes

ventilation ducting and vents

-

-

Yes

ventilation fans

own estimate

20

-

video cassette recorder systems (VCR)

own estimate

5

-

water pumps

20

20

-

water tanks

-

-

Yes

window awnings, insect screens, louvres, pelmets and tracks

-

-

Yes

window blinds, internal

20

10

-

window curtains

6 2/3

6

-

window shutters, automatic:

-

-

-

controls

own estimate

10

-

motors

own estimate

10

-

window shutters, automatic (excluding controls and motors)

-

-

Yes

Table 3: Bathroom assets

Asset

Deduction for decline in value (effective life in years) for assets acquired before 1 July 2004

Deduction for decline in value (effective life in years) for assets acquired from 1 July 2004

Capital works deduction

accessories, fixed (including mirrors, rails, soap holders and toilet roll holders)

-

-

Yes

accessories, freestanding (including shower caddies, soap holders, toilet brushes)

own estimate

5

-

exhaust fans (including light/heating)

own estimate

10

-

fixtures (including baths, bidets, tapware, toilets, vanity units and wash basins)

-

-

Yes

heated towel rails, electric

own estimate

10

-

shower assets (including doors, rods, screens and trays)

-

-

Yes

shower curtains (excluding curtain rods and screens)

own estimate

2

-

spa baths (excluding pumps)

-

-

Yes

spa bath pumps

20

20

-

Table 3: Bedroom assets

Asset

Deduction for decline in value (effective life in years) for assets acquired before 1 July 2004

Deduction for decline in value (effective life in years) for assets acquired from 1 July 2004

Capital works deduction

wardrobes, other than freestanding (incorporating doors, fixed fittings and mirrors)

-

-

Yes

Table 3: Fire control assets

Asset

Deduction for decline in value (effective life in years) for assets acquired before 1 July 2004

Deduction for decline in value (effective life in years) for assets acquired from 1 July 2004

Capital works deduction

alarms:

-

-

-

heat

20

6

-

smoke

20

6

-

detection and alarm systems:

-

-

-

alarm bells

20

12

-

cabling and reticulation

-

-

Yes

detectors (including addressable manual call points, heat, multi-type and smoke)

own estimate

20

-

fire indicator panels

20

12

-

manual call points (non-addressable)

-

-

Yes

doors, fire and separation

-

-

Yes

emergency warning and intercommunication systems (EWIS):

-

-

-

master emergency control panels

20

12

-

speakers

20

12

-

strobe lights

20

12

-

warden intercom phone

20

12

-

extinguishers

13⅓

15

-

hose cabinet and reels (excluding hoses and nozzles)

-

-

Yes

hoses and nozzles

20

10

-

hydrant boosters (excluding pumps)

-

-

Yes

hydrants

-

-

Yes

lights, exit and emergency

-

-

Yes

pumps (including diesel and electric)

20

25

-

sprinkler systems (excluding pumps)

-

-

Yes

stair pressurisation assets:

-

-

-

AC variable speed drives

own estimate

10

-

pressurisation and extraction fans

own estimate

25

-

sensors

own estimate

10

-

water piping

-

-

Yes

water tanks

-

-

Yes

Table 3: Kitchen assets

Asset

Deduction for decline in value (effective life in years) for assets acquired before 1 July 2004

Deduction for decline in value (effective life in years) for assets acquired from 1 July 2004

Capital works deduction

cook tops

own estimate

12

-

crockery

own estimate

5

-

cutlery

own estimate

5

-

dishwashers

own estimate

10

-

fixtures (including bench tops, cupboards, sinks, tapware and tiles)

-

-

Yes

freezers

13⅓

12

-

garbage disposal units

6⅔

10

-

microwave ovens

6⅔

10

-

ovens

own estimate

12

-

range hoods

own estimate

12

-

refrigerators

13⅓

12

-

stoves

20

12

-

water filters, electrical

own estimate

15

-

water filters, fixed (attached to plumbing)

-

-

Yes

Table 3: Laundry assets

Asset

Deduction for decline in value (effective life in years) for assets acquired before 1 July 2004

Deduction for decline in value (effective life in years) for assets acquired from 1 July 2004

Capital works deduction

clothes dryers

own estimate

10

-

fixtures (including tapware, tiles and tubs)

-

-

Yes

ironing boards, freestanding

own estimate

7

-

ironing boards, other than freestanding

-

-

Yes

irons

own estimate

5

-

washing machines

6⅔

10

-

Table 3: Outdoor assets

Asset

Deduction for decline in value (effective life in years) for assets acquired before 1 July 2004

Deduction for decline in value (effective life in years) for assets acquired from 1 July 2004

Capital works deduction

automatic garage doors:

-

-

-

controls

own estimate

5

-

motors

own estimate

10

-

automatic garage doors (excluding controls and motors)

-

-

Yes

barbecues:

-

-

-

fixed:

-

-

Yes

sliding trays and cookers

own estimate

10

-

freestanding

own estimate

5

-

boat sheds

-

-

Yes

bollards, fixed

-

-

Yes

car parks, sealed

-

-

Yes

carports

-

-

Yes

clotheslines

-

-

Yes

driveways, sealed

-

-

Yes

fencing

-

-

Yes

floor carpet (including artificial grass and matting)

own estimate

5

-

furniture, freestanding

13⅓

5

-

furniture, other than freestanding

-

-

Yes

garage doors (excluding motors and controls)

-

-

Yes

garden awnings and shade structures, fixed

-

-

Yes

gardening watering installations:

-

-

-

control panels

own estimate

5

-

pumps

20

5

-

timing devices

own estimate

5

-

gardening watering installations (excluding control panels, pumps and timing devices)

-

-

Yes

garden lights, fixed

-

-

Yes

garden lights, solar

own estimate

8

-

garden sheds, freestanding

own estimate

15

-

garden sheds, other than freestanding

-

-

Yes

gates, electrical:

-

-

-

controls

own estimate

5

-

motors

own estimate

10

-

gates (excluding electrical controls and motors)

-

-

Yes

jetties (including boat sheds and pontoons)

-

-

Yes

letterboxes

-

-

Yes

operable pergola louvres:

-

-

-

controls

own estimate

15

-

motors

own estimate

15

-

operable pergola louvres (excluding controls and motors)

-

-

Yes

paths

-

-

Yes

retaining walls

-

-

Yes

saunas (excluding heating assets)

-

-

Yes

sauna heating assets

13⅓

15

-

screens, fixed (including glass screens)

-

-

Yes

septic tanks

-

-

Yes

sewage treatment assets:

-

-

-

controls

own estimate

8

-

motors

own estimate

8

-

sewage treatment assets (excluding controls and motors)

-

-

Yes

spas:

-

-

-

fixed:

-

-

Yes

chlorinators

13⅓

12

-

filtration (including pumps)

13⅓

12

-

heaters (electric or gas)

13⅓

15

-

freestanding (incorporating blowers, controls, filters, heaters and pumps)

20

17

-

swimming pool assets:

-

-

-

chlorinators

13⅓

12

-

cleaning

13⅓

7

-

filtration (including pumps)

13⅓

12

-

heaters:

-

-

-

electric

13⅓

15

-

gas

13⅓

15

-

solar

13⅓

20

-

swimming pools

-

-

Yes

tennis court assets:

-

-

-

cleaners

own estimate

3

-

drag brooms

own estimate

3

-

nets

own estimate

5

-

rollers

own estimate

3

-

umpire chairs

own estimate

15

-

tennis court assets, fixed (including fences, lights, posts and surfaces)

-

-

Yes

Table 3: Security and monitoring assets

Asset

Deduction for decline in value (effective life in years) for assets acquired before 1 July 2004

Deduction for decline in value (effective life in years) for assets acquired from 1 July 2004

Capital works deduction

access control systems:

-

-

-

code pads

own estimate

5

-

door controllers

own estimate

5

-

readers:

-

-

-

proximity

own estimate

7

-

swipe card

own estimate

3

-

closed circuit television systems:

-

-

-

cameras

6⅔

4

-

monitors

6⅔

4

-

recorders:

-

-

-

digital

own estimate

4

-

time lapse

own estimate

2

-

switching units (including multiplexes)

own estimate

5

-

doors and screens

-

-

Yes

security systems:

-

-

-

code pads

6⅔

5

-

control panels

6⅔

5

-

detectors (including glass, passive infrared, and vibration)

6⅔

5

-

global system for mobiles (GSM) units

6⅔

5

-

noise makers (including bells and sirens)

6⅔

5

-

Table 4: Escalator (machinery and moving parts)

Asset

Deduction for decline in value (effective life in years) for assets acquired before 1 January 2003

Deduction for decline in value (effective life in years) for assets acquired from 1 January 2003

Capital works deduction

escalators (machinery and moving parts)

16⅔

20

-

lifts:

-

-

-

electric

16⅔

30

-

hydraulic

20

30

-

Table 5: Air conditioning assets (excluding ducting, pipes and vents)

Asset

Deduction for decline in value (effective life in years) for assets acquired before 1 July 2003

Deduction for decline in value (effective life in years) for assets acquired from 1 July 2003

Capital works deduction

air conditioning assets (excluding ducting, pipes and vents):

See air conditioning plant below

-

-

air handling units

-

20

-

chillers:

-

-

-

absorption

-

25

-

centrifugal

-

20

-

volumetrics (including reciprocating, rotary, screw, scroll):

-

-

-

air-cooled

-

15

-

water-cooled

-

20

-

condensing sets

-

15

-

cooling towers

-

15

-

damper motors (including variable air volume box controller)

-

10

-

fan coil units (connected to condensing set)

-

15

-

mini split systems up to 20kW (including ceiling, floor and high wall split system)

-

10

-

packaged air conditioning units

-

15

-

pumps

-

20

-

room units

-

10

-

air conditioning ducts, pipes and vents

-

-

Yes

Table 5: Air conditioning plant

Asset

Deduction for decline in value (effective life in years) for assets acquired before 1 July 2003

Deduction for decline in value (effective life in years) for assets acquired from 1 July 2003

Capital works deduction

air conditioning plant:

-

See Air conditioning assets (excluding ducting, pipes and vents) above

-

central type (including ducting and vents)

13⅓

-

-

structural alterations and additions associated with the installation of this plant which forms an integral part of it

100

-

-

room units

10

-

-

solar-energy powered

13⅓

-

-

Table 6: Evaporation coolers

Asset

Deduction for decline in value (effective life in years) for assets acquired before 1 July 2003

Deduction for decline in value (effective life in years) for assets acquired from 1 July 2003

Capital works deduction

Evaporative coolers:

-

-

-

fixed (excluding ducting and vents)

own estimate

20

-

portable

own estimate

10

-

ducting and vents

-

-

Yes

QC44158