Taxation Ruling
TR 2011/2
Income tax: effective life of depreciating assets (applicable from 1 July 2011)
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Effective lives (Industry Categories)
Table A as at 1 July 2011 - ARTS AND RECREATION SERVICES
|
ARTS AND RECREATION SERVICES
( 89100 to 92099 ) |
|||
|
Heritage activities
( 89100 to 89220 ) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Museum displays in aircraft/war museums | 100 | 1 Jan 2001 | |
| Parks and gardens: | |||
| Lion park: | |||
| Animal cages and sheds | 20 | 1 Jan 2001 | |
| Animal huts | 10 | 1 Jan 2001 | |
| Planetarium dome | 33 ⅓ | 1 Jan 2001 | |
| Sea life centre: | |||
| Fibreglass aquarium tanks | 20 | 1 Jan 2001 | |
| Ketch | 13 ⅓ | 1 Jan 2001 | |
| TV audio system | 10 | 1 Jan 2001 | |
|
Creative and performing arts activities
( 90010 to 90030 ) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Theatre equipment: | |||
| Accessories (theatrical wigs, costumes, etc) | 5 | 1 Jan 2001 | |
|
Sport, gambling and recreation services
( 91110 to 92099 ) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Amusement machines and equipment: | |||
| Coin-operated amusement machines: | |||
| Children's rides | 5 | * | 1 Jul 2001 |
| Convertible video game/simulator (cabinet) | 5 ½ | * | 1 Jul 2001 |
| Dedicated video game/simulator | 3 ½ | * | 1 Jul 2001 |
| Interchangeable video game kit | 1 | * | 1 Jul 2001 |
| Juke box (compact disc) | 10 | * | 1 Jul 2001 |
| Photo-image machines | 3 ½ | * | 1 Jul 2001 |
| Pinball machines | 3 ½ | * | 1 Jul 2001 |
| Pool/Billiard tables | 10 | * | 1 Jul 2001 |
| Redemption games (prizes/tickets) | 5 ½ | * | 1 Jul 2001 |
| Table games (including air hockey, soccer, etc) | 5 ½ | * | 1 Jul 2001 |
| Billiard tables | 40 | 1 Jan 2001 | |
| Rides and devices (fixed or mobile): | |||
| Chair-o-planes | 15 | * | 1 Jan 2002 |
| Children's indoor soft playgrounds | 5 | * | 1 Jan 2002 |
| Children's rides (designed for the carriage of children less than 8 years old) | 15 | * | 1 Jan 2002 |
| Ferris wheels | 25 | * | 1 Jan 2002 |
| Free falls (including giant drop and tower of terror) | 25 | * | 1 Jan 2002 |
| Inflatables (including jumping castles) | 5 | * | 1 Jan 2002 |
| Overhead transit devices (including chair lifts and cabin lifts) | 25 | * | 1 Jan 2002 |
| Roller coasters: | |||
| Non-powered (including corkscrew loop, looping coasters and mini roller coasters wild cat, madmouse) | 25 | * | 1 Jan 2002 |
| Powered (including tornado) | 15 | * | 1 Jan 2002 |
| Round rides with or without additional motions (including merry-go-rounds) | 15 | * | 1 Jan 2002 |
| Self-drive non-powered gravity rides (including toboggans and bob-sleds): | |||
| Track | 20 | * | 1 Jan 2002 |
| Vehicle | 5 | * | 1 Jan 2002 |
| Self-drive powered rides (including dodgems and go-karts): | |||
| Track | 15 | * | 1 Jan 2002 |
| Vehicle | 5 | * | 1 Jan 2002 |
| Simulators | 10 | * | 1 Jan 2002 |
| Swinging rides (including pirate ship, spaceloop, and rainbow) | 15 | * | 1 Jan 2002 |
| Trains, tracked or trackless (including tractor trains and miniature railways) | 10 | * | 1 Jan 2002 |
| Water rides | 20 | * | 1 Jan 2002 |
| Water slides 'gravity powered' | 20 | * | 1 Jan 2002 |
| Bowling centres (plant and equipment): | |||
| Bowling alleys (timber including ball return tracks, gutters, pit signals and terminals) | 13 ⅓ | 1 Jan 2001 | |
| Bowling balls | 5 | 1 Jan 2001 | |
| Masking units | 10 | 1 Jan 2001 | |
| Pin setters and pin spotters | 10 | 1 Jan 2001 | |
| Other equipment | 13 ⅓ | 1 Jan 2001 | |
| Golf courses (miniature): | |||
| Lighting plant, electric motors, moving parts | 20 | 1 Jan 2001 | |
| Lighting standards | 40 | 1 Jan 2001 | |
| Carpets on stairways | 3 | 1 Jan 2001 | |
| Gymnasium equipment | 10 | 1 Jan 2001 | |
| Marina operation: | |||
| Boat cradles | 10 | * | 1 Jul 2002 |
| Boat storage racks | 10 | * | 1 Jul 2002 |
| Forklifts | 11 | * | 1 Jul 2002 |
| Marina - wet berths (incorporating piling, decking and floating pontoons) | 20 | * | 1 Jul 2002 |
| Mooring buoys | 10 | * | 1 Jul 2002 |
| Travel lifts | 15 | * | 1 Jul 2002 |
| Poker/gaming machines | 7 | * | 1 Jul 2009 |
| Racehorses | 10 | 1 Jan 2001 | |
| Racing cars | 2 | 1 Jan 2001 | |
| Shuffle boards | 10 | 1 Jan 2001 | |
| Skating rink plant: | |||
| Fittings (open air) | 20 | 1 Jan 2001 | |
| General freezing plant and equipment | 13 ⅓ | 1 Jan 2001 | |
| Hired ice skating boots | 5 | 1 Jan 2001 | |
| Roller skates | 5 | 1 Jan 2001 | |
| Surface (synthetic panels) | 10 | 1 Jan 2001 | |
| Ski equipment (skis, boots and stocks for hiring to public) | 3 | 1 Jan 2001 | |
| Ski maintenance machine | 13 ⅓ | 1 Jan 2001 | |
| Space theatre dome | 33 ⅓ | 1 Jan 2001 | |
| Tennis court surface: | |||
| Bitumen | 20 | 1 Jan 2001 | |
| Plexipave | 20 | 1 Jan 2001 | |
| Synthetic lawn | 10 | 1 Jan 2001 | |
| Totalisator: | |||
| Computer equipment | 10 | 1 Jan 2001 | |
| Ancillary equipment (eg ticket issuing machines) | 13 ⅓ | 1 Jan 2001 | |
| Trampolines | 10 | 1 Jan 2001 | |
Not issued as a draft
References
ATO references:
NO 99/132027; 2000/20567; 2003/11601; 2004/17815;
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
| Date: | Version: | Change: | |
| You are here | 29 June 2011 | Consolidated ruling |