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Taxation Ruling

TR 2011/2

Income tax: effective life of depreciating assets (applicable from 1 July 2011)

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Appendix 2 - 1 July 2011 Schedule

   
AGRICULTURE, FORESTRY AND FISHING 22
Agriculture 24
Nursery and Floriculture Production 30
Mushroom growing 31
Hydroponics 32
Vegetable and cane growing 32
Fruit growing 33
Coffee, olive and tree nut growing 35
Poultry farming for breeding, eggs and meat 36
Poultry hatcheries 37
Pig farming 38
Aquaculture 39
Forestry and logging 41
Fishing 41
MINING 41
Coal mining 45
Oil and gas extraction 46
Iron ore mining 49
Gold ore mining 49
Mineral sand mining 50
Nickel ore mining 51
Construction material mining 51
Petroleum exploration services 52
Mineral exploration services 52
MANUFACTURING 53
Meat and meat product manufacturing 53
Dairy product manufacturing 54
Fruit and vegetable processing 55
Oil and fat manufacturing 57
Grain mill product manufacturing 57
Cereal and pasta product manufacturing 58
Bakery product manufacturing 60
Bakery product manufacturing (non factory based) 61
Sugar manufacturing 62
Confectionery manufacturing 66
Other food product manufacturing n.e.c. 66
Soft drink, cordial and syrup manufacturing 67
Beer manufacturing (except non alcoholic beer) 69
Spirit manufacturing 71
Wine and other alcoholic beverage manufacturing 71
Cigarette and tobacco manufacturing 73
Textile, leather, clothing and footwear manufacturing 73
Log sawmilling and timber dressing 74
Plywood and veneer manufacturing 75
Reconstituted wood product manufacturing 76
Other wood product manufacturing 76
Pulp, paper and converted paper product manufacturing 77
Paper stationery manufacturing 78
Printing 78
Newspaper printing or publishing 79
Printing support services 80
Petroleum refining 82
Industrial gas manufacturing 83
Basic chemical and chemical product manufacturing 87
Pharmaceutical and medicinal product manufacturing 87
Cleaning compound and toiletry preparation manufacturing 88
Other basic chemical product manufacturing 88
Polymer product and rubber product manufacturing 89
Glass and glass product manufacturing 89
Non metallic mineral product manufacturing 91
Ceramic product manufacturing 92
Cement manufacturing 92
Plaster product manufacturing 94
Concrete product manufacturing 96
Iron smelting and steel manufacturing 96
Alumina production 110
Aluminium smelting 111
Non ferrous metal casting 111
Fabricated metal product manufacturing 112
Motor vehicle manufacturing 113
Motor vehicle body and trailer manufacturing 116
Other motor vehicle parts manufacturing 116
Other transport equipment manufacturing 116
Photographic, optical and ophthalmic equipment manufacturing 117
Other professional and scientific equipment manufacturing n.e.c. 117
Furniture and other manufacturing 117
ELECTRICITY, GAS, WATER AND WASTE SERVICES 118
Electricity supply 118
Gas supply 122
Irrigation water providers 122
Water supply 123
Sewerage and drainage services 124
Waste disposal services 126
CONSTRUCTION 126
WHOLESALE TRADE 128
Wool wholesaling 128
Petroleum product wholesaling 128
RETAIL TRADE 131
Motor vehicle tyre or tube retailing 131
Fuel retailing 132
Food retailing 133
Other store based retailing 133
ACCOMMODATION AND FOOD SERVICES 134
Accommodation 134
Cafes, restaurants, takeaway food services, pubs, taverns bars and clubs (hospitality) 135
TRANSPORT POSTAL AND WAREHOUSING 136
Road transport 136
Tramway and light rail passenger transport services 137
Rail freight and passenger transport services 137
Water transport and support services 139
Scenic and sightseeing transport 142
Courier pick up and delivery services 143
Airport operations and other air transport support services 144
Other transport support services n.e.c. 145
Other warehousing and storage services 146
INFORMATION MEDIA AND TELECOMMUNICATIONS 147
Telecommunication services 147
Motion picture and sound recording activities 148
Motion picture exhibition 151
Radio broadcasting 151
Television broadcasting 152
Library and other information services 153
FINANCE AND INSURANCE SERVICES 154
RENTAL, HIRING AND REAL ESTATE SERVICES 154
Rental and hiring services (except real estate) 154
Residential property operators 156
Non residential property operators 160
PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES 161
Surveying and mapping services 161
Veterinary services 161
ADMINISTRATIVE AND SUPPORT SERVICES 162
Building cleaning, pest control and other support services 162
Gardening services 162
Packaging services 163
EDUCATION AND TRAINING 164
HEALTH CARE AND SOCIAL ASSISTANCE 164
Hospitals 164
Dental services 167
Optometry and optical dispensing 167
Pathologist and other pathology 169
Podiatry services 169
Radiology and diagnostic imaging services 170
Specialist medical services n.e.c 171
Nursing home operation 172
ARTS AND RECREATION SERVICES 172
Heritage activities 172
Creative and performing arts activities 172
Sport, gambling and recreation services 173
OTHER SERVICES 175
Automotive repair and maintenance 175
Automotive body, paint and interior repair n.e.c. 178
Personal and other services 179
Hairdressing and beauty services 179
Laundry and dry cleaning services 180

Not issued as a draft

References

ATO references:
NO 99/132027; 2000/20567; 2003/11601; 2004/17815;

ISSN: 1039-0731

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

Subject References:
Commissioner's determination of effective life
Commissioner's effective life schedule
decline in value
depreciating assets
depreciation
depreciation rates
effective life
self assessment of effective life

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(4)
ITAA 1997 40-100(4)(b)
ITAA 1997 40-105(1)
ITAA 1997 40-110
ITAA 1997 Subdiv 40-B
ITAA 1997 Subdiv 40-E
ITAA 1997 Subdiv 40-F
ITAA 1997 Subdiv 40-G
ITAA 1997 40-520
ITAA 1997 40-555(1)
ITAA 1997 Subdiv 42-M
ITAA 1997 Div 43
ITAA 1997 Subdiv 328-D
TAA 1953
Tax Laws Amendment (Improvements to Self Assessment) Act (No. 2) 2005

TR 2011/2 history
  Date: Version: Change:
You are here 29 June 2011 Consolidated ruling  

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