Taxation Ruling
TR 2022/1
Income tax: effective life of depreciating assets (applicable from 1 July 2022)
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Please note that the PDF version is the authorised version of this ruling.This Ruling, which applies from 1 July 2022, replaces TR 2021/3 (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 |
| Performing dogs - see Table B Working dogs | |||
| Theatre equipment: | |||
| Accessories (theatrical - wigs, costumes etc) | 5 | 1 Jan 2001 | |
|
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 assets - see Table A Casino operations (92010) | |||
| Totalisators: | |||
| Computer equipment | 10 | 1 Jan 2001 | |
| Ancillary equipment (e.g. ticket issuing machines) | 13 ⅓ | 1 Jan 2001 | |
|
Casino operations
(92010) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Carpets | 8 | * | 1 Jul 2022 |
| Count and cage assets: | |||
| Coin scales | 10 | * | 1 Jul 2022 |
| Counterfeit detectors | 8 | * | 1 Jul 2022 |
| Note counters/sorters/verifiers | 6 | * | 1 Jul 2022 |
| Trolleys | 10 | * | 1 Jul 2022 |
| Electronic table games (including keno games, poker games, rapid games) | 6 | * | 1 Jul 2022 |
| Entertainment assets: | |||
| Audio (including amplifiers, microphones, speakers, processors) | 5 | * | 1 Jul 2022 |
| Visual (including televisions, DVD players) | 5 | * | 1 Jul 2022 |
| Gaming signage (including digital displays, jackpot displays, LED/LCD video walls and partitions) | 5 | * | 1 Jul 2022 |
| Gaming stools and chairs | 5 | * | 1 Jul 2022 |
| Gaming tables (including blackjack, poker, roulette) | 7 | * | 1 Jul 2022 |
| Poker/gaming machines | 6 | * | 1 Jul 2022 |
| Poker/gaming machines system hardware (used for monitoring) | 6 | * | 1 Jul 2022 |
| Security and monitoring assets - see Table B Security and monitoring assets | |||
| Table game equipment: | |||
| Big wheels | 7 | * | 1 Jul 2022 |
| Card shufflers | 5 | * | 1 Jul 2022 |
| Chippers | 5 | * | 1 Jul 2022 |
| Chips and plaques | 10 | * | 1 Jul 2022 |
| Dealer handset devices | 5 | * | 1 Jul 2022 |
| Display screens | 5 | * | 1 Jul 2022 |
| Roulette wheels | 7 | * | 1 Jul 2022 |
| Shoes (electronic type) | 5 | * | 1 Jul 2022 |
References
ATO references:
NO 1-SY3H7A0
Previous Rulings/Determinations:
TR 2017/2
TR 2018/4
TR 2019/5
TR 2020/3
TR 2021/3
ISSN: 2205-6122
Subject References:
depreciation
depreciation rate
effective life
Legislative References:
ITAA 1997 Div 40
ITAA 1997 40-25
ITAA 1997 40-25(7)
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 40-102(5)
ITAA 1997 40-105
ITAA 1997 40-110
ITAA 1997 40-345(2)
IT(TP)A 1997 Subdiv 40-BB
Other References:
Income Tax (Effective Life of Depreciating Assets) Amendment Determination (No 1) 2022