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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).
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TR 2014/4 - Effective lives (Industry Categories)
Table A as at 1 July 2014 - PROFESSIONAL,SCIENTIFIC AND TECHNICAL SERVICES

PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES
( 69100 to 70000 )
 
Scientific research services
(69100)
ASSET LIFE (YEARS) REVIEWED DATE OF APPLICATION
Scientific medical and pharmaceutical research assets:      
        Autoclaves:      
                Bench top autoclaves 5   *   1   Jul   2014
                Others 10   *   1   Jul   2014
        Automated cell counters 5   *   1   Jul   2014
        Automated colony pickers 5   *   1   Jul   2014
        Balances 10   *   1   Jul   2014
        Biological safety cabinets 10   *   1   Jul   2014
        Cell harvesters 10   *   1   Jul   2014
        Centrifuges:      
                Bench top centrifuges 5   *   1   Jul   2014
                Others 10   *   1   Jul   2014
        Computed tomography (CT) scanners 10   *   1   Jul   2014
        Digital cameras 3   *   1   Jul   2014
        DNA sequencers 5   *   1   Jul   2014
        Electrophoresis systems (incorporating power supplies and tanks) 7   *   1   Jul   2014
        Electroporators 8   *   1   Jul   2014
        Fermenters 10   *   1   Jul   2014
        Flow cytometers 8   *   1   Jul   2014
        Freeze dryers 10   *   1   Jul   2014
        Freezers 10   *   1   Jul   2014
        Gel documentation systems 5   *   1   Jul   2014
        Glassware washers 8   *   1   Jul   2014
        Heating blocks 10   *   1   Jul   2014
        Homogenisers 7   *   1   Jul   2014
        Incubators 6   *   1   Jul   2014
        Liquid chromatography systems 5   *   1   Jul   2014
        Liquid nitrogen assets (including dewars and tanks) 10   *   1   Jul   2014
        Microscopes 10   *   1   Jul   2014
        Microtomes 10   *   1   Jul   2014
        Mixers 7   *   1   Jul   2014
        Nano spectrophotometers 8   *   1   Jul   2014
        Ovens 6   *   1   Jul   2014
        Peristaltic pumps 7   *   1   Jul   2014
        PH meters 7   *   1   Jul   2014
        Plate readers 5   *   1   Jul   2014
        Polymerase chain reaction (PCR) thermal cyclers 8   *   1   Jul   2014
        Real-time PCR detection machines 5   *   1   Jul   2014
        Refrigerators 8   *   1   Jul   2014
        Robotic systems (including robotic liquid handling systems and robotic sampler systems) 5   *   1   Jul   2014
        Shakers 7   *   1   Jul   2014
        Sonicators (including water bath sonicators and sonicators with probes) 7   *   1   Jul   2014
        Spectrophotometers (excluding nano spectrophotometers) 10   *   1   Jul   2014
        Surface plasmon resonance (SPR) machines 5   *   1   Jul   2014
        Vacuum concentrators 7   *   1   Jul   2014
        Water baths (including refrigerated and shaking water baths) 7   *   1   Jul   2014
        Water purification systems 8   *   1   Jul   2014
 
Surveying and mapping services
( 69220 )
ASSET LIFE
(YEARS) 		REVIEWED DATE OF
APPLICATION
Surveyors' instruments:      
        Geodimeter (electronic) 10   1   Jan   2001
        Laser beam survey equipment 10   1   Jan   2001
        Levels 20   1   Jan   2001
        Stereoplotters (for making surveys from aerial photography etc) 10   1   Jan   2001
        Theodolites 20   1   Jan   2001
 
Veterinary services
( 69700 )
ASSET LIFE
(YEARS) 		REVIEWED DATE OF
APPLICATION
Veterinarians' assets:      
        Anaesthesia machines 10   *   1   Jan   2004
        Animal blow dryers 5   *   1   Jan   2004
        Animal cages:      
                Fibreglass, plastic and polyethylene cages 10   *   1   Jan   2004
                Stainless steel cages 20   *   1   Jan   2004
        Animal patient monitoring assets (including blood pressure monitors, CO 2 end-tidal monitors, ECGs and pulse oximeters) 7   *   1   Jan   2004
        Animal scales 7   *   1   Jan   2004
        Dental assets:      
                Dental units 10   *   1   Jan   2004
                Ultrasonic scalers (standalone) 10   *   1   Jan   2004
        Diagnostic assets (including ophthalmoscope, otoscope, handles and power supply) 10   *   1   Jan   2004
        Electrocautery units 10   *   1   Jan   2004
        Electroejaculators 6   *   1   Jan   2004
        Hydrobaths 8   *   1   Jan   2004
        Pathology assets:      
                Centrifuges 5   *   1   Jan   2004
                Laboratory analysers:      
                        Electrolyte analysers 4   *   1   Jan   2004
                        Generally 5   *   1   Jan   2004
                Microscopes 10   *   1   Jan   2004
        Surgery lights 10   *   1   Jan   2004
        Tables and tubs 20   *   1   Jan   2004
        Ultrasound systems (incorporating scanner, transducers, integrated computer and integrated software) 5   *   1   Jan   2004
        X-ray assets (excluding direct radiography assets):      
                Mobile or portable x-ray units 10   *   1   Jan   2004
                X-ray processors - automatic 10   *   1   Jan   2004
 
Professional photographic services
( 69910 )
ASSET LIFE
(YEARS) 		REVIEWED DATE OF
APPLICATION
Photographers' plant:      
        Cameras:      
                Generally (including lenses, electronic flash units, enlargers etc) 10   1   Jan   2001
                Used for street photography 4   1   Jan   2001
        Dark rooms (demountable - not integral part of building) 20   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  
You are here 16 July 2014 Consolidated ruling Erratum
  6 August 2014 Consolidated ruling Addendum

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