Taxation Ruling
TR 2019/5
Income tax: effective life of depreciating assets (applicable from 1 July 2019)
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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 2019, replaces TR 2018/4 (see paragraph 5 of this Ruling for further details).This document has changed over time. View its history.
Retail trade - (39110 to 43209)
|
RETAIL TRADE
(39110 to 43209) |
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Counters, freestanding (including check-out and service counters) | 10 | * | 1 Jul 2005 |
| Door controls and motor drive systems for automatic sliding doors (incorporating chains, controls, motors and sensors, but excluding doors) | 15 | * | 1 Jul 2005 |
| Electronic article surveillance (EAS) system assets (including barcodes or tag deactivators and detachers, door pedestals, electronic tag release assets, receivers and transmitters) | 5 | * | 1 Jul 2005 |
| Floor coverings (removable without damage): | |||
| Carpet | 8 | * | 1 Jul 2005 |
| Floating timber | 10 | * | 1 Jul 2005 |
| Linoleum | 10 | * | 1 Jul 2005 |
| Vinyl | 10 | * | 1 Jul 2005 |
| Furniture, freestanding (including chairs, cupboards, racks, showcases and tables) | 10 | * | 1 Jul 2005 |
| Hot food display assets (including bain marie) | 10 | * | 1 Jul 2005 |
| Loading bay assets - see Table B Loading bay assets | |||
| Overhead track scales (including meat rail scales) | 10 | * | 1 Jul 2005 |
| Power supply assets, emergency or standby: | |||
| Generator assets: | |||
| Acoustic hoods and canopies | 20 | * | 1 Jul 2005 |
| Generators (incorporating attached engine management and generator monitoring instrument) | 25 | * | 1 Jul 2005 |
| Power management unit | 15 | * | 1 Jul 2005 |
| Uninterruptible power supply (UPS) system: | |||
| Line interactive type | 5 | * | 1 Jul 2013 |
| On line double conversion type | 10 | * | 1 Jul 2013 |
| Public address and paging system assets (including amplifiers, audio speakers and microphones) - see Table B Public address and paging system assets | |||
| Refrigeration assets: | |||
| Generally (including blast chillers, condensers, evaporators, refrigeration cabinets, standalone freezers and standalone refrigerators) | 10 | * | 1 Jul 2014 |
| Ice making machines | 8 | * | 1 Jul 2014 |
| Insulation panels used in cool or freezer rooms | 40 | * | 1 Jul 2014 |
| Roller shutter electric motors | 20 | * | 1 Jul 2005 |
| Shelving | 10 | * | 1 Jul 2005 |
| Signage used for business identification (including lighting for signs) - see Table B Advertising signs | |||
| Trolleys, customer shopping type | 7 | * | 1 Jul 2005 |
| Trolleys, stock type | 10 | * | 1 Jul 2005 |
| Visual display assets (including body forms, head displayers, mannequins and seasonal decorations) | 7 | * | 1 Jul 2005 |
|
Motor vehicle tyre or tube retailing
(39220) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Air tools (including ratchet guns) | 2 | * | 1 Jul 2011 |
| Compressed air assets: | |||
| Air compressors: | |||
| Reciprocating | 10 | * | 1 Jul 2011 |
| Rotary screw | 10 | * | 1 Jul 2011 |
| Rotary vane | 10 | * | 1 Jul 2011 |
| Air receivers | 10 | * | 1 Jul 2011 |
| Air driers and dehumidifiers | 10 | * | 1 Jul 2011 |
| Hose reels | 3 | * | 1 Jul 2011 |
| Reticulation lines: | |||
| Aluminium | 15 | * | 1 Jul 2011 |
| Copper | 20 | * | 1 Jul 2011 |
| Polyethylene (PE) | 15 | * | 1 Jul 2011 |
| Steel | 10 | * | 1 Jul 2011 |
| Floor jacks: | |||
| Used for car and light truck repairs | 3 | * | 1 Jul 2011 |
| Used for heavy vehicle repairs | 5 | * | 1 Jul 2011 |
| Hand tools | 10 | * | 1 Jul 2011 |
| Stillages | 15 | * | 1 Jul 2011 |
| Storage shelving | 10 | * | 1 Jul 2011 |
| Tyre conveyors: | |||
| Horizontal | 10 | * | 1 Jul 2011 |
| Vertical | 8 | * | 1 Jul 2011 |
| Tyre fitting machines | 5 | * | 1 Jul 2011 |
| Tyre inflation cages | 10 | * | 1 Jul 2011 |
| Tyre inflators (automatic and manual) | 3 | * | 1 Jul 2011 |
| Tyre spreaders | 8 | * | 1 Jul 2011 |
| Vehicle hoists: | |||
| Used for car and light truck repairs | 10 | * | 1 Jul 2011 |
| Used for heavy vehicle repairs | 20 | * | 1 Jul 2011 |
| Wheel alignment machines | 7 | * | 1 Jul 2011 |
| Wheel balancing machines | 5 | * | 1 Jul 2011 |
| Wheel balancing plates, flanges and finger adaptors | 5 | * | 1 Jul 2011 |
| Wheel lifters | 5 | * | 1 Jul 2011 |
| Wheel lifters (incorporating tyre spreaders) | 8 | * | 1 Jul 2011 |
|
Fuel retailing
(40000) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Air compressors and air lines | 7 | * | 1 Jul 2010 |
| Automatic tank gauges | 10 | * | 1 Jul 2010 |
| Canopy lighting: | |||
| Liquid emitting diode | 10 | * | 1 Jul 2010 |
| Radiant gas positive | 5 | * | 1 Jul 2010 |
| Convenience store assets: | |||
| Air conditioning systems | 7 | * | 1 Jul 2010 |
| Back-loading refrigerated cabinets (incorporating fans, boosters and compressors) | 10 | * | 1 Jul 2010 |
| CCTV video surveillance systems | 4 | * | 1 Jul 2010 |
| Coffee making machines (including espresso and drip filter type machines) | 5 | * | 1 Jul 2010 |
| Counters - freestanding | 10 | * | 1 Jul 2010 |
| Display shelving and racking | 10 | * | 1 Jul 2010 |
| Door controls and motor drive systems for automatic opening doors (incorporating controls, motors and sensors, but excluding doors) | 7 | * | 1 Jul 2010 |
| Hot food display assets (including bain maries) | 10 | * | 1 Jul 2010 |
| Microwave ovens | 5 | * | 1 Jul 2010 |
| Pie warmers and heating units | 10 | * | 1 Jul 2010 |
| Refrigerated cabinets and freezers | 10 | * | 1 Jul 2010 |
| PA systems | 12 | * | 1 Jul 2010 |
| Point of sale assets: | |||
| Barcode scanners | 6 | * | 1 Jul 2010 |
| Electronic funds transfer point of sale machines (EFTPOS) | 6 | * | 1 Jul 2010 |
| Forecourt controllers | 6 | * | 1 Jul 2010 |
| Safes: | |||
| Cash storage | 10 | * | 1 Jul 2010 |
| Cash vending | 7 | * | 1 Jul 2010 |
| Cigarette safes | 7 | * | 1 Jul 2010 |
| Emergency shut off systems | 10 | * | 1 Jul 2010 |
| Facility signs | 7 | * | 1 Jul 2010 |
| Gasoline and diesoline assets: | |||
| Effluent treatment systems (incorporating motors, electronic circuitry, pumps, and separators) | 8 | * | 1 Jul 2010 |
| Leak protection pressure systems | 8 | * | 1 Jul 2010 |
| Single or multi product gasoline and diesoline dispensers (incorporating meters, electronic circuitry, LCD displays, cash presets, hoses, automatic nozzles, steel cabinets and, where applicable, vapour recovery monitoring and collection systems) | 10 | * | 1 Jul 2010 |
| Single or multi product gasoline and diesoline pumps (incorporating pump units, meters, electronic circuitry, LCD displays, cash presets, hoses, automatic nozzles, steel cabinets and, where applicable, vapour recovery monitoring and collection systems | 7 | * | 1 Jul 2010 |
| Pay at pump card reading systems | 6 | * | 1 Jul 2010 |
| Submersible turbine pumps | 8 | * | 1 Jul 2010 |
| Underground fuel distribution and containment piping systems (incorporating pipes, fittings and manholes) | 20 | * | 1 Jul 2010 |
| Underground fuel storage tanks - steel and fibreglass | 20 | * | 1 Jul 2010 |
| Hot water systems | 10 | * | 1 Jul 2010 |
| LPG assets: | |||
| LPG pumps | 7 | * | 1 Jul 2010 |
| LPG dispensers (incorporating meters, electronic circuitry, LCD displays, cash presets, hoses, automatic nozzles and steel cabinets) | 10 | * | 1 Jul 2010 |
| LPG storage tanks - aboveground and underground | 30 | * | 1 Jul 2010 |
| Underground steel piping systems (incorporating pipes, fittings and manholes) | 20 | * | 1 Jul 2010 |
|
Food retailing
(41100 to 41290) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Butchers' plant | 20 | 1 Jan 2001 | |
|
Other store-based retailing
(42110 to 42799) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Newspaper wrapping machines | 10 | 1 Jan 2001 | |
| Paint tinting and colour blending machines (manual and automatic) | 7 | * | 1 Jul 2014 |
Not previously issued as a draft
References
ATO references:
NO 1-HHM96UX
Previous Rulings/Determinations:
TR 2013/4
TR 2014/4
TR 2015/2
TR 2016/1
TR 2017/2
TR 2018/4
ISSN: 2205-6122
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 2019 (No. 1)
| Date: | Version: | Change: | |
| 26 June 2019 | Original ruling | ||
| You are here | 22 April 2020 | Consolidated ruling |