Taxation Ruling
TR 2018/4
Income tax: effective life of depreciating assets (applicable from 1 July 2018)
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S
| S | |||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Saws, bench and mitre, portable | 7 | * | 1 Jul 2008 |
| Security and monitoring assets: | |||
| Access control systems: | |||
| Code pads | 5 | * | 1 Jul 2004 |
| Door controllers | 5 | * | 1 Jul 2004 |
| Readers: | |||
| Proximity | 7 | * | 1 Jul 2004 |
| Swipe card | 3 | * | 1 Jul 2004 |
| Ballistic and blast resistant screens and barriers (including fixed and rising types) not forming part of the building | 20 | * | 1 Jul 2014 |
| CCTV systems: | |||
| Cameras | 4 | * | 1 Jul 2004 |
| Monitors | 4 | * | 1 Jul 2004 |
| Recorders: | |||
| Digital | 4 | * | 1 Jul 2004 |
| Time lapse | 2 | * | 1 Jul 2004 |
| Switching units (including multiplexers) | 5 | * | 1 Jul 2004 |
| Security systems: | |||
| Code pads | 5 | * | 1 Jul 2004 |
| Control panels | 5 | * | 1 Jul 2004 |
| Detectors (including glass, passive infrared and vibration) | 5 | * | 1 Jul 2004 |
| Global system for mobiles (GSM) units | 5 | * | 1 Jul 2004 |
| Noise maker (including alarms and bells) | 5 | * | 1 Jul 2004 |
| Sewing machines | 10 | * | 1 Jan 2014 |
| Signage for business identification (including lighting for signs) - see Table B Advertising signs | |||
| Silos: | |||
| Bulk handling: | |||
| Ancillary mechanical assets (including augers, bucket elevators, conveyors etc) | 15 | * | 1 Jul 2014 |
| Concrete construction | 50 | * | 1 Jan 2004 |
| Galvanised construction | 30 | * | 1 Jan 2004 |
| Steel construction | 40 | * | 1 Jan 2004 |
| Solar photovoltaic electricity generation system assets | 20 | * | 1 Jul 2011 |
| Spas used as plant in a business (incorporating blowers, controls, filters, heaters and pumps) | 17 | * | 1 Jul 2014 |
| Spray booths | 15 | * | 1 Jul 2014 |
| Stacks (chimney stacks, exhaust stacks, flues etc): | |||
| Concrete stacks (including concrete reinforced stacks) | 30 | * | 1 Jul 2014 |
| Flare stacks | 25 | * | 1 Jul 2014 |
| Reinforced plastic stacks | 25 | * | 1 Jul 2014 |
| Steel stacks (steel flues) | 20 | * | 1 Jul 2014 |
| Suitcases | 10 | * | 1 Jul 2013 |
| Swimming pool assets: | |||
| Chlorinators | 12 | * | 1 Jul 2004 |
| Cleaning assets | 7 | * | 1 Jul 2004 |
| Filtration assets (including pumps) | 12 | * | 1 Jul 2004 |
| Heaters: | |||
| Electric | 15 | * | 1 Jul 2004 |
| Gas | 15 | * | 1 Jul 2004 |
| Solar | 20 | * | 1 Jul 2004 |
| Swimming pools (used as plant in a business): | |||
| Above-ground | 10 | * | 1 Jul 2005 |
| Concrete | 50 | * | 1 Jul 2005 |
| Fibreglass | 20 | * | 1 Jul 2005 |
| Switchboards | 20 | * | 1 Jul 2014 |
| Synthetic lawn surfaces | 5 | * | 1 Jul 2014 |
References
ATO references:
NO 1-B8V6TGB
Related Rulings/Determinations:
TR 2018/4W
TR 2013/4
TR 2014/4
TR 2015/2
TR 2016/1
TR 2017/2
Subject References:
depreciation
depreciation rate
effective life
Legislative References:
ITAA 1997
ITAA 1997 Div 40
ITAA 1997 40-25
ITAA 1997 40-70(1)
ITAA 1997 40-72(1)
ITAA 1997 40-75(1)
ITAA 1997 40-95
ITAA 1997 40-95(4)
ITAA 1997 40-95(5)
ITAA 1997 40-95(7)
ITAA 1997 40-100
ITAA 1997 40-100(5)
ITAA 1997 40-100(6)(b)
ITAA 1997 40-102
ITAA 1997 40-102(4)
ITAA 1997 40-102(4A)
ITAA 1997 40-105
ITAA 1997 40-110
ITAA 1997 40-345(2)
TAA 1953
Other References:
Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2018 (No. 1)