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Taxation Ruling

TR 2013/4

TR 2013/4 - Income tax: effective life of depreciating assets (applicable from 1 July 2013)

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TR 2013/4 - Effective lives (Industry Categories)
Table A as at 1 July 2013 - 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
 
Health and fitness centres and gymnasia operations
(91110)
ASSET LIFE
(YEARS) 		REVIEWED DATE OF
APPLICATION
Health and fitness centre operation assets:      
        Cardiovascular training machines:      
                Cross trainers, steppers and treadmills 4   *   1   Jul   2012
                Exercise bicycles (including spin bicycles, upright and recumbent bicycles) 4   *   1   Jul   2012
                Rowing machines 5   *   1   Jul   2012
        Free weight training assets:      
                Barbells, dumbbells, kettle bells, weight plates and storage racks 6   *   1   Jul   2012
                Benches (including abdominal crunch, adjustable, declined, inclined and flat benches) 8   *   1   Jul   2012
        Resistance training machines (including abdomen, arm, back, chest, hip, leg, shoulder and multiple training machines) 8   *   1   Jul   2012
        Support Assets:      
                Audio visual entertainment assets (including amplifiers, audio speakers, digital disc players and televisions) 4   *   1   Jul   2012
                Fans (including wall mounted) 5   *   1   Jul   2012
                Lockers 8   *   1   Jul   2012
                Platform scales 5   *   1   Jul   2012
Sport and recreation services
(91121 to 91390)
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
        Carpets 4   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
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
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
Trampolines 10   1   Jan   2001
Gambling activities
(92010 to 92099)
ASSET LIFE
(YEARS) 		REVIEWED DATE OF
APPLICATION
Poker/gaming machines 7   *   1   Jul   2009
Totalisator:      
        Computer equipment 10   1   Jan   2001
        Ancillary equipment (eg ticket issuing machines) 13 ⅓   1   Jan   2001

Not issued as a draft

References

ATO references:
NO 99/132027; 2000/20567; 2003/11601; 2004/17815; 2005/6504; 2005/18073; 2006/25212; 2007/7796; 2008/9394; 2009/5704; 1-20KCCA6; 1-2Z8ZAX4; 1-3VCCZ0O; 1-4NMTK3G

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
TR 2011/2
TR 2012/2

Subject References:
capped lives
determination of effective life
decline in value
depreciating assets
effective life
effective life determination

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(5)
ITAA 1997 40-100(6)(b)
ITAA 1997 40-102(4)
ITAA 1997 40-102(4A)
ITAA 1997 40-105
ITAA 1997 40-110
TAA 1953

TR 2013/4 history
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