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Taxation Ruling

TR 2014/4

TR 2014/4 - Income tax: effective life of depreciating assets (applicable from 1 July 2014)

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  • Please note that the PDF version is the authorised consolidated version of this ruling and amending notices.
    This Ruling, which applies from 1 July 2014, replaces TR 2013/4 (see paragraph 5 of this Ruling for further details).
    This document incorporates revisions made since original publication. View its history and amending notices, if applicable.

Schedule

ANZSIC categories in Table A

Page
AGRICULTURE, FORESTRY AND FISHING 28
Agriculture 30
Sheep farming 33
Beef cattle farming 33
Beef cattle feedlots 34
Dairy cattle farming 35
Nursery and floriculture production 36
Mushroom growing 38
Vegetable growing (under cover) 39
Vegetable growing (outdoors) and sugar cane growing 39
Fruit growing 40
Coffee, olive and tree nut growing 42
Poultry farming for breeding, eggs and meat 43
Poultry hatcheries 44
Pig farming 45
Aquaculture 46
Forestry and logging 47
Fishing 48
MINING 48
Coal mining 52
Oil and gas extraction 53
Iron ore mining 56
Gold ore mining 56
Mineral sand mining 57
Nickel ore mining 58
Construction material mining 58
Petroleum exploration services 59
Mineral exploration services 59
MANUFACTURING 60
Meat processing 60
Poultry processing 65
Cured meat and smallgoods manufacturing 66
Dairy product manufacturing 66
Fruit and vegetable processing 67
Oil and fat manufacturing 69
Grain mill product manufacturing 71
Cereal and pasta product manufacturing 72
Bakery product manufacturing 74
Bakery product manufacturing (non factory based) 75
Sugar manufacturing 76
Confectionery manufacturing 80
Prepared animal and bird feed manufacturing 80
Other food product manufacturing n.e.c. 84
Soft drink, cordial and syrup manufacturing 91
Beer manufacturing (except non alcoholic beer) 92
Spirit manufacturing 94
Wine and other alcoholic beverage manufacturing 95
Cigarette and tobacco manufacturing 97
Textile, leather, clothing and footwear manufacturing 97
Log sawmilling and timber dressing 98
Plywood and veneer manufacturing 98
Reconstituted wood product manufacturing 99
Other wood product manufacturing 100
Pulp, paper and converted paper product manufacturing 100
Paper stationery manufacturing 101
Sanitary paper product manufacturing 101
Printing 102
Newspaper printing or publishing 103
Printing support services 104
Petroleum refining 106
Industrial gas manufacturing 107
Basic chemical and chemical product manufacturing 111
Human pharmaceutical and medicinal product manufacturing 118
Cleaning compound and toiletry preparation manufacturing 120
Other basic chemical product manufacturing 120
Polymer film and sheet packaging material manufacturing 120
Polymer product and rubber product manufacturing 121
Paint and coatings manufacturing 121
Glass and glass product manufacturing 122
Non metallic mineral product manufacturing 125
Ceramic product manufacturing 125
Cement manufacturing 125
Plaster product manufacturing 128
Ready-mixed concrete manufacturing 129
Concrete product manufacturing 130
Iron smelting and steel manufacturing 133
Alumina production 147
Aluminium smelting 147
Non ferrous metal casting 148
Fabricated metal product manufacturing 149
Steel coil roll forming, slitting, blanking and sheet metal forming 149
Boiler, tank and other heavy gauge metal container manufacturing 153
Motor vehicle manufacturing 153
Motor vehicle body and trailer manufacturing 160
Other motor vehicle parts manufacturing 160
Railway rolling stock manufacturing and repair services 161
Other transport equipment manufacturing n.e.c. 163
Photographic, optical and ophthalmic equipment manufacturing 163
Other professional and scientific equipment manufacturing n.e.c. 163
Furniture and other manufacturing 164
ELECTRICITY, GAS, WATER AND WASTE SERVICES 164
Electricity supply 164
Gas supply 168
Irrigation water providers 169
Water supply 169
Sewerage and drainage services 171
Solid waste collection services 172
Waste remediation and materials recovery services 173
CONSTRUCTION 174
Other heavy and civil engineering construction n.e.c. 175
WHOLESALE TRADE 176
Wool wholesaling 176
Petroleum product wholesaling 176
Commission-based wholesaling 178
RETAIL TRADE 178
Motor vehicle tyre or tube retailing 179
Fuel retailing 180
Food retailing 181
Other store-based retailing 181
ACCOMMODATION AND FOOD SERVICES 181
Accommodation 181
Cafes, restaurants, takeaway food services, pubs, taverns bars and clubs (hospitality) 183
TRANSPORT POSTAL AND WAREHOUSING 184
Road transport 184
Tramway and light rail passenger transport services 184
Rail freight and passenger transport services 185
Water transport and support services 187
Scenic and sightseeing transport 190
Courier pick up and delivery services 192
Airport operations and other air transport support services 192
Other transport support services n.e.c. 194
Other warehousing and storage services 194
INFORMATION MEDIA AND TELECOMMUNICATIONS 195
Telecommunication services 195
Motion picture and video activities 196
Motion picture exhibition 199
Radio broadcasting 200
Television broadcasting 201
Internet publishing and broadcasting 203
Library and other information services 203
FINANCIAL AND INSURANCE SERVICES 203
RENTAL, HIRING AND REAL ESTATE SERVICES 204
Rental and hiring services (except real estate) 204
Residential property operators 206
Non residential property operators 210
PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES 211
Scientific research services 211
Surveying and mapping services 212
Veterinary services 213
Professional photographic services 213
ADMINISTRATIVE AND SUPPORT SERVICES 214
Building and other industrial cleaning services 214
Gardening services 214
Packaging services 215
EDUCATION AND TRAINING 216
HEALTH CARE AND SOCIAL ASSISTANCE 216
Hospitals 216
Dental services 219
Optometry and optical dispensing 219
Pathologist and other pathology 221
Podiatry services 221
Radiology and diagnostic imaging services 222
Specialist medical services n.e.c 223
Nursing home operation 224
ARTS AND RECREATION SERVICES 224
Heritage activities 224
Creative and performing arts activities 224
Health and fitness centres and gymnasia operations 224
Sport and recreation services 225
Gambling activities 227
OTHER SERVICES 227
Automotive repair and maintenance 227
Automotive body, paint and interior repair n.e.c. 230
Hairdressing and beauty services 232
Funeral, crematorium and cemetery services 232
Laundry and dry cleaning services 232
Photographic film processing 234

Industry listing - Table A

  Page
Accommodation operations (hotels, motels etc) 181
Acetylene manufacturing (carbide process) 108
Aerial cable car operation 190
Agriculture generally 30
Agriculture, forestry and fishing generally 28
Aircraft maintenance operation 192
Aircraft training operation 192
Airport operation 192
Alumina manufacturing 147
Alumina production 147
Aluminium casting 148
Aluminium smelting 147
Ammonia manufacturing 111
Ammonium nitrate manufacturing 113
Ammonium nitrate prill manufacturing 113
Ammonium nitrate solution manufacturing 114
Amusement machines 225
Amusement rides 225
Animal park operation 224
Aquaculture 46
Aquarium operation (sea life centres) 224
Arboriculture services 214
Argon manufacturing (cryogenic process) 108
Automotive glass product manufacturing 123
Automotive repair and maintenance operation 227
Backbone network assets (Telecommunications) 195
Bacon manufacturing 66
Bakery product manufacturing (factory based) 74
Bakery product manufacturing (non factory based) 75
Bank operation 203
Bar operation 183
Basic chemical and chemical product manufacturing 111
Basic oxygen steel making (BOS) - Iron smelting and steel manufacturing 139
Bauxite refining 147
Beauty industry operations 232
Beef cattle farming 33
Beef cattle feedlots 34
Beekeeping 30
Beer manufacturing (except non-alcoholic beer) 92
Biscuit manufacturing (factory based) 74
Biscuit manufacturing (retail operations) 75
Blast furnace assets (Iron smelting and steel manufacturing) 138
Boiler, tank and other heavy gauge metal container manufacturing 153
Boot polish manufacturing 120
Boot manufacturing 97
Brass casting 148
Bread manufacturing (factory based) 74
Bread manufacturing (retail operations) 75
Broom manufacturing 164
Brush manufacturing 164
Building cleaning services 214
Bulk fuel regional depot assets (excluding LPG assets) 176
Bulk fuel terminal assets (excluding LPG assets) 177
Bus manufacturing 153
Bus vehicle body assembly 153
Butcher shop operation 181
Cafe operation 183
Cake manufacturing (factory based) 74
Cake manufacturing (retail operations) 75
Calcined alumina manufacturing 147
Car detailing operation 230
Car wash operation 230
Carbon dioxide manufacturing 108
Carpet cleaning operation 232
Case making 100
Cement manufacturing 125
Cement tile manufacturing 133
Ceramic tile manufacturing (rapid fire shuttle kilns) 125
Cereal and pasta product manufacturing generally 72
Cereal food manufacturing 72
Chair lift operation (non-snowfield areas) 190
Chair lift operation (snowfield areas) 191
Chemical manufacturing (not listed elsewhere) 115
Cigarette paper cutting and folding 97
Clay brick manufacturing 125
Clay paver manufacturing 125
Cleaning services (industrial) 214
Clothes peg (plastic) manufacturing 121
Clothes peg (wood) manufacturing 100
Clothing manufacturing 97
Clubs (hospitality) operation 183
Coal mining 52
Coffee growing 42
Coffee processing 84
Co-generation power generation 165
Coin-operated amusement machines 225
Coke making (Iron smelting and steel manufacturing) 134
Combined cycle power generation 165
Commercial office building assets 210
Commercial printing 102
Commercial vessels (Water transport and support services) 187
Concrete block manufacturing 130
Concrete brick manufacturing 130
Concrete paver manufacturing 130
Concrete product manufacturing 130
Concrete roof tile manufacturing 130
Concrete tile manufacturing (other than concrete roof tiles) 133
Confectionery manufacturing 80
Construction assets generally 174
Construction material mining 58
Contact lens manufacturing 163
Container glass manufacturing 122
Cordial manufacturing 91
Cork manufacturing 100
Cornice (plaster) manufacturing 128
Cotton growing 30
Cotton manufacturing 97
Courier pick up and delivery services 192
Crushing and milling assets (Mining) 48
Dairy cattle farming 35
Dairy product manufacturing 66
Dental services 219
Diagnostic imaging services 222
Diesel or gas engine power generation 166
Distribution centre operation 194
Dry cleaning operation 233
Dry ice manufacturing 108
Electric arc furnace steel making (EAF) - Iron smelting and steel manufacturing 139
Electricity distribution 164
Electricity generation 164
Electricity supply 164
Electricity transmission 167
Electronic toll collection 194
Ethanol manufacturing 115
Eucalyptus oil manufacturing 120
Explosive manufacturing (excluding ammonia and ammonium nitrate manufacturing) 120
Fabricated metal product manufacturing 149
Fat (edible) manufacturing 69
Fertiliser manufacturing (excluding ammonia and ammonium nitrate manufacturing) 118
Fibre cement building board manufacturing 131
Finishing and converted paper product manufacturing 101
Fishing operations 48
Fitness centre operation 224
Flat or float glass manufacturing 122
Flock manufacturing 97
Flour manufacturing 71
Frozen appetiser manufacturing 87
Frozen finger food manufacturing 87
Frozen lasagne manufacturing 87
Frozen pasta product manufacturing 87
Frozen pizza manufacturing 87
Frozen potato product manufacturing 87
Frozen pre-prepared food manufacturing generally 85
Frozen pre-prepared meal manufacturing 88
Fruit and vegetable canning 67
Fruit growing 40
Fruit juice drink manufacturing 67
Fruit juice manufacturing 67
Fruit packing (fresh) - off farm 215
Fruit packing (on farm) 28
Fuel retailing 180
Funeral directing 232
Furniture making 164
Galvanising operations 149
Gambling activities 227
Gaming machines 227
Gardening services 214
Gas distribution 168
Gas extraction 53
Gas production 54
Gas supply 168
Gas transmission 168
Gas turbine power generation 166
Gelatine manufacturing 121
Glass and glass product manufacturing 122
Glass product manufacturing 123
Glider operations 190
Glue manufacturing 121
Gold ore mining 56
Grain growing 30
Gravel quarrying (Construction material mining) 58
Gymnasia operations 224
Hairdressing and beauty services 232
Hairdressing services 232
Hat manufacturing 97
Hay and forage growing 31
Health and fitness centre operations 224
Heavy vehicle repair and maintenance operation 227
Helium manufacturing 108
Hop growing 32
Horticultural plants 32
Hospital operation 216
Hot air balloon operation 190
Hot strip mill assets (Iron smelting and steel manufacturing) 142
Human pharmaceutical and medicinal product manufacturing 118
Hydro-electric power generation 166
Hydrogen manufacturing 109
Hydrometallurgy assets (Mining) 48
Hydroponic growing (including cut flower growing) 39
Hygienic paper product manufacturing 101
Ice manufacturing 91
Industrial cleaning services 214
Industrial gas distribution 109
Industrial gas manufacturing - generally 107
Ink manufacturing 121
International telecommunications submarine cable (Telecommunications) 195
Internet only broadcasting 203
Iron ore mining 56
Iron smelting and steel manufacturing 133
Irrigation water providers 168
Jam manufacturing 69
Jewellery making 164
Joinery operations 100
Kindergarten operation 216
Laundry operation 233
Library operation 203
Light rail passenger transport services 184
Linseed oil manufacturing 71
Logging 47
LPG depot and terminal operation 177
Magnesium casting 148
Malt manufacturing 71
Marina operation 226
Materials handling assets (Mining) 49
Materials recovery facility (MRF) assets 173
Meat processing 60
Medical assets generally 216
Metal blanking (Motor vehicle manufacturing) 156
Metal crushing (core fragmentised) 149
Metal spring manufacturing 149
Metal stamping (Motor vehicle manufacturing) 156
Metal tank manufacturing 149
Microwave radio telecommunications 195
Millinery manufacturing 97
Mineral dressing assets (Mining) 50
Mineral exploration services 59
Mineral sand mining 57
Miniature golf course operation 226
Mining generally 48
Mobile telecommunications assets 195
Monument masonry 125
Motion picture activities 196
Motion picture exhibition 199
Motor car engine assembly 158
Motor car engine manufacturing 158
Motor cycle manufacturing 163
Motor vehicle body and trailer manufacturing 160
Motor vehicle manufacturing 153
Motor vehicle manufacturing (not separately listed) 160
Motor vehicle tube retailing 179
Motor vehicle tyre retailing 179
Moulding machinery (wood) 100
Museum operation (aircraft/war museums) 224
Mushroom growing 38
Nail manufacturing 149
Neurology services 223
Newspaper printing 103
Nickel ore mining 58
Nitric acid manufacturing 114
Nitrogen manufacturing (cryogenic process) 108
Non ferrous metal casting 148
Nursery and floriculture production 36
Nursing home operation 224
Oil (edible) manufacturing 69
Oil extraction 53
Oil production 55
Oil refining 106
Olive growing 42
Olive oil processing 71
Optical dispensing 219
Optical lens grinding 163
Optometry services 219
Other heavy and civil engineering construction n.e.c. 175
Other motor vehicle parts manufacturing 160
Other store-based retailing operation 181
Oxygen manufacturing (cryogenic process) 108
Oyster farming 46
Packaging services 215
Paint and coatings manufacturing 121
Pasta product manufacturing 73
Pastry manufacturing (factory based) 74
Pastry manufacturing (retail operations) 75
Pathology services 221
Peanut growing 30
Peanut processing 89
Pellet making (Iron smelting and steel manufacturing) 137
Pet food manufacturing 80
Petroleum exploration services 59
Petroleum product wholesaling 176
Petroleum refining 106
Pharmaceutical research 211
Photographic engraving service 234
Photographic film processing 234
Photography operations 213
Picture frame manufacturing 100
Pie manufacturing (factory based) 74
Pig farming 45
Piston ring manufacturing 160
Planetarium operation 224
Plaster product manufacturing 128
Plasterboard manufacturing 128
Plate mill assets (Iron smelting and steel manufacturing) 143
Plywood and veneer manufacturing 98
Podiatry services 221
Poker machines 227
Polymer (plastic) product manufacturing (not separately listed) 121
Polymer film and sheet packaging material manufacturing 120
Post-press (finishing) trade services 104
Pottery goods manufacturing 125
Poultry farming for breeding, eggs and meat 43
Poultry hatcheries 44
Poultry processing 65
Power station civil and structural works 167
Prefabricated concrete product manufacturing 132
Prepared animal and bird feed manufacturing generally 82
Pre-press trade services 105
Primary metal product casting (Iron smelting and steel manufacturing) 141
Printing support services 104
Pub operation 183
Pulp and paper mill operation 100
Pyrometallurgy assets (Mining) 48
Racehorses 226
Radio broadcasting 200
Radiology services 222
Rail freight transport services 185
Rail passenger transport services 185
Railway rolling stock manufacturing 161
Railway rolling stock repair services 161
Ready-mixed concrete manufacturing 129
Reconstituted wood product manufacturing 99
Rendering 62
Rental and hiring services (except real estate) 204
Residential property operators 206
Restaurant operation 183
Retail trade assets generally 178
Rice growing 30
Rice milling 72
Road transport operation 184
Rod, bar structural and rail mill assets (Iron smelting and steel manufacturing) 144
Rope and twine manufacturing 97
Rubber and rubber product manufacturing 121
Rug cleaning operation 232
Salt manufacturing and refining 118
Salvage services (Water transport and support services) 190
Sand quarrying (Construction material mining) 58
Sanitary paper product manufacturing 101
Satellite communication assets (Telecommunications) 196
Saw making 149
Saw milling assets 98
Scenic and sightseeing transport operation 190
Scientific medical research 211
Screen printing 103
Sewerage and drainage services 171
Sheep farming 33
Sheet metal tank manufacturing 153
Shoe manufacturing 97
Shoe polish manufacturing 120
Silos used in agriculture 33
Sinter making (Iron smelting and steel manufacturing) 136
Skating rink operation 226
Ski lift operation 191
Slate works assets 125
Smash repair operation 231
Snow grooming 191
Snow making 191
Soft drink manufacturing 91
Solar power generation 167
Solid waste collection services 172
Spirit manufacturing 94
Stationery manufacturing 101
Steel coil blanking 149
Steel coil roll forming 150
Steel coil roll slitting 151
Steel coil shear line assets 149
Steel railway track product manufacturing (Iron smelting and steel manufacturing) 144
Steel sheet metal forming 152
Steel strip metallic coating (Iron smelting and steel manufacturing) 145
Steel strip organic coating (Iron smelting and steel manufacturing) 146
Stock and station agent operations 178
Stud stock and thoroughbred horses 33
Sugar cane growing 39
Sugar milling 76
Sugar refining 78
Sulphuric acid manufacturing 118
Surface mobile mining machines 50
Surveying and mapping services 212
Syrup manufacturing 91
Takeaway food service operation 183
Tanning operations (leather) 97
Tavern operation 183
Tea processing 90
Tree nut growing 42
Telecommunications generally 196
Telecommunications - payphones 196
Television broadcasting 201
Ten pin bowling centre operation 226
Tennis court operation 227
Theatre operation (other than motion picture theatres) 224
Thermal power generation 167
Thoracic specialist services 223
Tin-plating mill assets (Iron smelting and steel manufacturing) 146
Totalisator operation 227
Tramway passenger transport services 184
Truck body manufacturing 153
Truck manufacturing 153
Umbrella manufacturing 164
Underground mobile mining machines 51
Upholstery cleaning operation 232
Vegetable growing (outdoors) 39
Vegetable growing (under cover) 39
Vegetable packing (fresh) - off farm 215
Vegetable packing - on farm 28
Veterinary services 213
Video production activities 196
Warehouse operation 194
Waste remediation and materials recovery services 172
Watch making 163
Water assets (Agriculture) 29
Water supply 169
Water transport and support services 187
Weaving machinery (silk and cotton) 97
Wind power generation 167
Wine manufacturing 95
Wood working assets 100
Wool dumping machinery 97
Wool scouring machinery 97
Wool wholesaling 176
Woollen manufacturers' machinery 97

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; 1-5EJ20VG

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
TR 2013/4

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

Other References:
Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2014 (No. 1)

TR 2014/4 history
  Date: Version: Change:
  25 June 2014 Original ruling  
You are here 16 July 2014 Consolidated ruling Erratum
  6 August 2014 Consolidated ruling Addendum

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