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).
C
| C | |||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Car park assets: | |||
| Automatic and semi-automatic parking systems (including platforms, stackers, turntables etc) | 20 | * | 1 Jul 2016 |
| Automatic payment machines/stations | 10 | * | 1 Jul 2016 |
| Barrier gates/boom gates - see Table B Boom gates | |||
| Car park floodlighting | 20 | * | 1 Jul 2016 |
| Car park signage | 7 | * | 1 Jul 2016 |
| Entry and exit stations/columns (including RFID card readers, ticket dispensing machines, ticket readers etc) | 10 | * | 1 Jul 2016 |
| Licence plate recognition cameras and systems | 5 | * | 1 Jul 2016 |
| Parking guidance assets: | |||
| Automatic vehicle counter systems (incorporating counter modules and signage) | 7 | * | 1 Jul 2016 |
| Parking guidance systems (incorporating controllers, detectors, dynamic signage, lighting etc) | 7 | * | 1 Jul 2016 |
| Pay and display machines/Pay and go machines | 8 | * | 1 Jul 2016 |
| Security and monitoring assets: | |||
| Generally (including CCTV systems) - see Table B Security and monitoring assets | |||
| Intercommunication (intercom) system assets | 7 | * | 1 Jul 2016 |
| Two-way radios - see Table B Two-way radios | |||
| Ceiling fans | 10 | * | 1 Jul 2016 |
| Cleaning carts and trolleys | 5 | * | 1 Jul 2019 |
| Compaction assets: | |||
| Compactors - flat plate | 8 | * | 1 Jul 2008 |
| Compactors - vertical rammer | 6 | * | 1 Jul 2008 |
| Computers and computer equipment: | |||
| Computers and computer equipment (not specified elsewhere below) | 4 | * | 1 Jul 2016 |
| Computer monitors | 4 | * | 1 Jul 2016 |
| Desktop computers (including personal computers) | 4 | * | 1 Jul 2016 |
| Mainframe computers | 5 | * | 1 Jul 2016 |
| Mobile/portable computers (including laptops, tablets) | 2 | * | 1 Jul 2016 |
| Network equipment (including hubs, modems routers, switches, etc) | 5 | * | 1 Jul 2016 |
| Raised floors | 25 | * | 1 Jul 2017 |
| Servers | 4 | * | 1 Jul 2016 |
| Concrete truck mixers (incorporating barrel, chutes, frame and hydraulic pumps) | 5 | * | 1 Jul 2014 |
| Concreting assets: | |||
| Brick and paving saws | 5 | * | 1 Jul 2008 |
| Concrete demolition saws | 3 | * | 1 Jul 2008 |
| Concrete kibble buckets | 15 | * | 1 Jul 2008 |
| Concrete mixers | 4 | * | 1 Jul 2008 |
| Concrete surface preparation assets (including floor grinders, planers and scarifers) | 5 | * | 1 Jul 2008 |
| Concrete trowels: | |||
| Walk behind | 5 | * | 1 Jul 2008 |
| Ride on | 7 | * | 1 Jul 2008 |
| Concrete vibrating screeders | 5 | * | 1 Jul 2008 |
| Concrete vibrators: | |||
| Brushcutter style | 5 | * | 1 Jul 2008 |
| Drive units | 6 | * | 1 Jul 2008 |
| Flexible shaft pumps | 6 | * | 1 Jul 2008 |
| Vibrating shafts | 3 | * | 1 Jul 2008 |
| Concrete wheeled saws | 6 | * | 1 Jul 2008 |
| Control systems and control system assets (including control cabinets and panels, instruments, programmable logic controllers (PLCs), sensors, switchgear telemetry and variable speed drives VSDs)) | 10 | * | 1 Jul 2015 |
| Cranes (gantry and overhead) | 25 | * | 1 Jul 2014 |
| Curtains and drapes | 6 | * | 1 Jul 2004 |
References
ATO references:
NO 1-SY3H7A0
Previous Rulings/Determinations:
TR 2017/2
TR 2018/4
TR 2019/5
TR 2020/3
TR 2021/3
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