Taxation Ruling
TR 2021/3
Income tax: effective life of depreciating assets (applicable from 1 July 2021)
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Please note that the PDF version is the authorised consolidated version of this ruling and amending notices.This document has been Withdrawn.View the Withdrawal notice for this document.This Ruling, which applies from 1 July 2021, replaces TR 2020/3 (see paragraph 6 of this Ruling for further details).
Arts and recreation services - (89100 to 92099)
|
ARTS AND RECREATION SERVICES
(89100 to 92099) |
|
Museum operation
(89100) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Museum displays in aircraft/war museums | 100 | 1 Jan 2001 | |
|
Nature reserves and conservation parks operation
(89220) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Parks and gardens: | |||
| Lion parks: | |||
| Animal cages and sheds | 20 | 1 Jan 2001 | |
| Animal huts | 10 | 1 Jan 2001 | |
| Planetarium domes | 33 ⅓ | 1 Jan 2001 | |
| Sea life centres: | |||
| Fibreglass aquarium tanks | 20 | 1 Jan 2001 | |
| Ketches | 13 ⅓ | 1 Jan 2001 | |
| TV audio systems | 10 | 1 Jan 2001 | |
|
Creative and performing arts activities
(90010 to 90030) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Theatre equipment: | |||
| Accessories (theatrical - wigs, costumes etc) | 5 | 1 Jan 2001 | |
| Performing dogs - see Table B Working dogs | |||
|
Health and fitness centres and gymnasia operation
(91110) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Health and fitness centre operation assets: | |||
| Cardiovascular training machines: | |||
| Cross trainers, steppers and treadmills | 4 | * | 1 Jul 2012 |
| Exercise bicycles (including spin bicycles, upright and recumbent bicycles) | 4 | * | 1 Jul 2012 |
| Rowing machines | 5 | * | 1 Jul 2012 |
| Free weight training assets: | |||
| Barbells, dumbbells, kettle bells, weight plates and storage racks | 6 | * | 1 Jul 2012 |
| Benches (including abdominal crunch, adjustable, declined, inclined and flat benches) | 8 | * | 1 Jul 2012 |
| Resistance training machines (including abdomen, arm, back, chest, hip, leg, shoulder and multiple training machines) | 8 | * | 1 Jul 2012 |
| Support assets: | |||
| Audio visual entertainment assets (including amplifiers, audio speakers, digital disc players and television sets) | 4 | * | 1 Jul 2012 |
| Fans (including wall mounted) | 5 | * | 1 Jul 2012 |
| Lockers | 8 | * | 1 Jul 2012 |
| Platform scales | 5 | * | 1 Jul 2012 |
|
Sports and physical recreation clubs n.e.c.
(91129) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Racing cars | 2 | 1 Jan 2001 | |
|
Squash and tennis court operation
(91131) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Tennis court surfaces: | |||
| Bitumen | 20 | 1 Jan 2001 | |
| Plexipave | 20 | 1 Jan 2001 | |
| Synthetic lawn | 10 | 1 Jan 2001 | |
|
Sports and physical recreation venues, grounds and facilities operations n.e.c.
(91139) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Bowling centres (plant and equipment): | |||
| Bowling alleys (timber - including ball return tracks, gutters, pit signals and terminals) | 13 ⅓ | 1 Jan 2001 | |
| Bowling balls | 5 | 1 Jan 2001 | |
| Carpets | 4 | 1 Jan 2001 | |
| Masking units | 10 | 1 Jan 2001 | |
| Pin setters and pin spotters | 10 | 1 Jan 2001 | |
| Other equipment | 13 ⅓ | 1 Jan 2001 | |
| Skating rink plant: | |||
| Fittings (open air) | 20 | 1 Jan 2001 | |
| General freezing plant and equipment | 13 ⅓ | 1 Jan 2001 | |
| Hired ice skating boots | 5 | 1 Jan 2001 | |
| Roller skates | 5 | 1 Jan 2001 | |
| Surface (synthetic panels) | 10 | 1 Jan 2001 | |
| Ski equipment (skis, boots and stocks for hiring to public) | 3 | 1 Jan 2001 | |
| Ski maintenance machines | 13 ⅓ | 1 Jan 2001 | |
|
Horse training (racing)
(91292) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Arena and track maintenance assets: | |||
| Arena rakes | 4 | * | 1 Jul 2021 |
| Others (including grader blades, smudgers, levellers etc) | 10 | * | 1 Jul 2021 |
| Quad bikes/All-terrain vehicles (ATVs) | 5 | * | 1 Jul 2021 |
| Lead and companion ponies (horses) | 5 | * | 1 Jul 2021 |
| Racehorses: | |||
| Flat racing (thoroughbred horses) | 5 | * | 1 Jul 2021 |
| Harness racing (standardbred horses) | 7 | * | 1 Jul 2021 |
| Jumps racing (thoroughbred horses) | 10 | * | 1 Jul 2021 |
| Support assets: | |||
| Horse floats | 20 | * | 1 Jul 2021 |
| Horse rugs (including turnout rugs) | 2 | * | 1 Jul 2021 |
| Horse tack (including bits, bridles, harnesses (hobbles), headgear, saddles etc) | 4 | * | 1 Jul 2021 |
| Horse trucks - see Table B Motor vehicles and trailers | |||
| Platform scales | 7 | * | 1 Jul 2021 |
| Rubber mats | 5 | * | 1 Jul 2021 |
| Security and monitoring assets - see Table B Security and monitoring assets | |||
| Tack room furniture, freestanding (including lockers, racks, seats etc) | 10 | * | 1 Jul 2021 |
| Washing machines and dryers (used for washing horse rugs, saddle pads etc) | 3 | * | 1 Jul 2021 |
| Training and rehabilitation assets: | |||
| Barriers | 15 | * | 1 Jul 2021 |
| Horses training pools | 30 | * | 1Jul 2021 |
| Horse training pool assets: | |||
| Cleaning assets | 5 | * | 1 Jul 2021 |
| Filtration assets (including pumps) | 8 | * | 1 Jul 2021 |
| Stables, portable types | 15 | * | 1 Jul 2021 |
| Sulkies | 2 | * | 1 Jul 2021 |
| Treadmills (including water types) | 15 | * | 1 Jul 2021 |
| Walkers (including water walkers) | 20 | * | 1 Jul 2021 |
|
Amusement parks and centres operation and amusement and other recreational activities n.e.c.
(91310 and 91390) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Amusement machines and equipment: | |||
| Coin-operated amusement machines: | |||
| Children's rides | 5 | * | 1 Jul 2001 |
| Convertible video games/simulators (cabinet) | 5 ½ | * | 1 Jul 2001 |
| Dedicated video games/simulators | 3 ½ | * | 1 Jul 2001 |
| Interchangeable video game kits | 1 | * | 1 Jul 2001 |
| Juke boxes (CD) | 10 | * | 1 Jul 2001 |
| Photo-image machines | 3 ½ | * | 1 Jul 2001 |
| Pinball machines | 3 ½ | * | 1 Jul 2001 |
| Pool/billiard tables | 10 | * | 1 Jul 2001 |
| Redemption games (prizes/tickets) | 5 ½ | * | 1 Jul 2001 |
| Table games (including air hockey, soccer etc) | 5 ½ | * | 1 Jul 2001 |
| Billiard tables | 40 | 1 Jan 2001 | |
| Rides and devices (fixed or mobile): | |||
| Chair-o-planes | 15 | * | 1 Jan 2002 |
| Children's indoor soft playgrounds | 5 | * | 1 Jan 2002 |
| Children's rides (designed for the carriage of children less than 8 years old) | 15 | * | 1 Jan 2002 |
| Ferris wheels | 25 | * | 1 Jan 2002 |
| Free falls (including giant drop and tower of terror) | 25 | * | 1 Jan 2002 |
| Inflatables (including jumping castles) | 5 | * | 1 Jan 2002 |
| Overhead transit devices (including chair lifts and cabin lifts) | 25 | * | 1 Jan 2002 |
| Roller coasters: | |||
| Non-powered (including corkscrew loop, looping coasters and mini roller coasters - wild cat, madmouse) | 25 | * | 1 Jan 2002 |
| Powered (including tornado) | 15 | * | 1 Jan 2002 |
| Round rides with or without additional motions (including merry-go-rounds) | 15 | * | 1 Jan 2002 |
| Self-drive non-powered gravity rides (including toboggans and bob-sleds): | |||
| Track | 20 | * | 1 Jan 2002 |
| Vehicle | 5 | * | 1 Jan 2002 |
| Self-drive powered rides (including dodgems and go-karts): | |||
| Track | 15 | * | 1 Jan 2002 |
| Vehicle | 5 | * | 1 Jan 2002 |
| Simulators | 10 | * | 1 Jan 2002 |
| Swinging rides (including pirate ship, spaceloop, and rainbow) | 15 | * | 1 Jan 2002 |
| Trains, tracked or trackless (including tractor trains and miniature railways) | 10 | * | 1 Jan 2002 |
| Water rides | 20 | * | 1 Jan 2002 |
| Water slides (gravity powered) | 20 | * | 1 Jan 2002 |
| Golf courses (miniature): | |||
| Carpets on stairways | 3 | 1 Jan 2001 | |
| Lighting plant, electric motors, moving parts | 20 | 1 Jan 2001 | |
| Lighting standards | 40 | 1 Jan 2001 | |
| Marina operation: | |||
| Boat cradles | 10 | * | 1 Jul 2002 |
| Boat storage racks | 10 | * | 1 Jul 2002 |
| Forklifts | 11 | * | 1 Jul 2002 |
| Marina - wet berths (incorporating piling, decking and floating pontoons) | 20 | * | 1 Jul 2002 |
| Mooring buoys | 10 | * | 1 Jul 2002 |
| Travel lifts | 15 | * | 1 Jul 2002 |
| Shuffle boards | 10 | 1 Jan 2001 | |
| Space theatre domes | 33 ⅓ | 1 Jan 2001 | |
| Trampolines | 10 | 1 Jan 2001 | |
|
Gambling activities
(92010 to 92099) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Poker/gaming machines | 7 | * | 1 Jul 2009 |
| Totalisators: | |||
| Computer equipment | 10 | 1 Jan 2001 | |
| Ancillary equipment (e.g. ticket issuing machines) | 13 ⅓ | 1 Jan 2001 | |
Not issued as a draft
References
ATO references:
NO 1-P4Z8VU5
Previous Rulings/Determinations:
TR 2015/2
TR 2016/1
TR 2017/2
TR 2018/4
TR 2019/5
TR 2020/3
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)
IT(TP)A 1997 Subdiv 40-BB
TAA 1953
Other References:
Income Tax (Effective Life of Depreciating Assets) Amendment Determination (No 1) 2021