Taxation Ruling
TR 2020/3
Income tax: effective life of depreciating assets (applicable from 1 July 2020)
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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that the PDF version is the authorised consolidated version of this ruling and amending notices.This document has been Withdrawn.View the Withdrawal notice for this document.This Ruling, which applies from 1 July 2020, replaces TR 2019/5 (see paragraph 5 of this Ruling for further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 |
Not previously issued as a draft
References
ATO references:
NO 1-L24N0H0
Previous Rulings/Determinations:
TR 2020/3W
TR 2014/4
TR 2015/2
TR 2016/1
TR 2017/2
TR 2018/4
TR 2019/5
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 2020 (No. 2)