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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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    This Ruling, which applies from 1 July 2014, replaces TR 2013/4 (see paragraph 5 of this Ruling for further details).
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TR 2014/4 - Effective lives (Industry Categories)
Table A as at 1 July 2014 - CONSTRUCTION

CONSTRUCTION
( 30110 to 32990)
 
ASSET LIFE
(YEARS) 		REVIEWED DATE OF
APPLICATION
Air compression assets:      
        Air compression assets generally (including air compressors, air dryers and air receivers) 20   *   1   Jul   2014
        Air compressors (portable):      
                Compressors - reciprocating 7   *   1   Jul   2014
                Compressors - rotary screw 10   *   1   Jul   2014
Backhoe loaders 9   *   1   Jul   2002
Bending machines (bar, angle or rod) 10   *   1   Jul   2008
Block and brick elevators (portable) 10   *   1   Jul   2008
Chain blocks, rod shears, jacks, etc 13 ⅓   1   Jan   2001
Compaction:      
        Compactors - flat plate 8   *   1   Jul   2008
        Compactors - vertical rammer 6   *   1   Jul   2008
Concreting assets:      
        Brick and paving saws 5   *   1   Jul   2008
        Concrete demolition saws 3   *   1   Jul   2008
        Concrete kibble buckets 15   *   1   Jul   2008
        Concrete mixers 4   *   1   Jul   2008
        Concrete surface preparation assets (including floor grinders, planers and scarifers) 5   *   1   Jul   2008
        Concrete trowels:      
                Walk behind 5   *   1   Jul   2008
                Ride on 7   *   1   Jul   2008
        Concrete vibrating screeders 5   *   1   Jul   2008
        Concrete vibrators:      
                Brushcutter style 5   *   1   Jul   2008
                Drive units 6   *   1   Jul   2008
                Flexible shaft pumps 6   *   1   Jul   2008
                Vibrating shaft 3   *   1   Jul   2008
        Concrete wheeled saws 6   *   1   Jul   2008
Concreting plant:      
        Buggies or dumpers (motorised) 5   1   Jan   2001
        Hoppers, skips and hoist buckets 10   1   Jan   2001
        Mobile concrete pumping units 6 ⅔   1   Jan   2001
Cranes (mobile):      
        Light and medium 15   *   1   Jul   2002
        Heavy (over 15.24 tonnes lift) 20   *   1   Jul   2002
        Tower and hoists 10   1   Jan   2001
Dozers/Front end loaders 9   *   1   Jul   2002
Forklifts 11   *   1   Jul   2002
Formwork, beams and props, steel 10   *   1   Jul   2008
Hydraulic excavators 10   *   1   Jul   2002
Levels:      
        Dumpy 7   *   1   Jul   2008
        Laser beam 10   *   1   Jul   2008
Lift slab assets (incorporating spreader bars, clutches, pulleys and cables) 5   *   1   Jul   2008
Mini excavators 8   *   1   Jul   2002
Motor graders 10   *   1   Jul   2002
Pavers 12   *   1   Jul   2002
Power supply assets:      
        Generators, portable (incorporating attached engine management and generator monitoring instruments):      
                Diesel 10   *   1   Jul   2008
                Petrol 5   *   1   Jul   2008
Power tools:      
        Chain saws 3   *   1   Jul   2008
        Hand tools:      
                Air 5   *   1   Jul   2008
                Battery 3   *   1   Jul   2008
                Electric 5   *   1   Jul   2008
        Jack hammers:      
                Air 7   *   1   Jul   2008
                Electric 3   *   1   Jul   2008
        Nail guns - air 3   *   1   Jul   2008
Profilers 10   *   1   Jul   2002
Pumps 10   1   Jan   2001
Road rollers 15   *   1   Jul   2002
Saws, bench and mitre, portable 7   *   1   Jul   2008
Scrapers 8   *   1   Jul   2002
Skid steer loaders 7   *   1   Jul   2002
Stabiliser recyclers 12   *   1   Jul   2002
Telescopic handlers 10   *   1   Jul   2002
Tool carriers 10   *   1   Jul   2002
Track loaders 9   *   1   Jul   2002
Traffic management assets (use the relevant lives given under Table A Rental and hiring services (66110 to 67200), whether or not the assets are in fact hired or leased)      
Welders:      
        Diesel 10   *   1   Jul   2008
        Electric 5   *   1   Jul   2008
Wheel loaders 8   *   1   Jul   2002
Winches 13 ⅓   1   Jan   2001
 
Other heavy and civil engineering construction n.e.c.
(31099)
ASSET LIFE (YEARS) REVIEWED DATE OF APPLICATION
Automatic welding machines (used at sea in construction of submarine pipelines) 10   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; 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  
  16 July 2014 Consolidated ruling Erratum
You are here 6 August 2014 Consolidated ruling Addendum

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