Taxation Ruling
TR 2022/1
Income tax: effective life of depreciating assets (applicable from 1 July 2022)
-
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).
Rental, hiring and real estate services - (66110 to 67200)
|
RENTAL, HIRING AND REAL ESTATE SERVICES
(66110 to 67200) |
| Note: If the asset is hired or leased to and used predominantly by a particular industry and not listed below, see the entry under Table A for that industry | |||
|
Rental and hiring services (except real estate)
(66110 to 66400) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Air Compressors: | |||
| Compressors - reciprocating | 7 | * | 1 Jul 2005 |
| Compressors - rotary screw | 10 | * | 1 Jul 2005 |
| Compaction: | |||
| Compactors - flat plate | 8 | * | 1 Jul 2005 |
| Compactors - vertical rammer | 6 | * | 1 Jul 2005 |
| Concreting assets: | |||
| Brick/paving saws | 5 | * | 1 Jul 2005 |
| Concrete demolition saws | 3 | * | 1 Jul 2005 |
| Concrete kibble buckets | 15 | * | 1 Jul 2005 |
| Concrete mixers | 4 | * | 1 Jul 2008 |
| Concrete trowels: | |||
| Ride on | 7 | * | 1 Jul 2008 |
| Walk behind | 5 | * | 1 Jul 2008 |
| Concrete surface preparation assets (including floor grinders, planers and scarifers) | 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 2005 |
| Elevating work platforms (EWPs): | |||
| Boom lifts (including knuckle and telescopic boom lifts) | 15 | * | 1 Jul 2015 |
| Personnel lifts | 10 | * | 1 Jul 2015 |
| Scissor lifts | 10 | * | 1 Jul 2015 |
| Generators: | |||
| Cables | 5 | * | 1 Jul 2005 |
| Distribution boards | 10 | * | 1 Jul 2005 |
| Diesel | 10 | * | 1 Jul 2005 |
| Petrol | 5 | * | 1 Jul 2005 |
| Generator with attached lighting plant | 10 | * | 1 Jul 2005 |
| Household assets: | |||
| Clothes dryers | 5 | * | 1 Jan 2006 |
| DVD players | 5 | * | 1 Jan 2006 |
| Dishwashers | 8 | * | 1 Jan 2006 |
| Evaporative coolers, portable | 5 | * | 1 Jan 2006 |
| Freezers | 6 | * | 1 Jan 2006 |
| Microwave ovens | 6 | * | 1 Jan 2006 |
| Refrigerators | 6 | * | 1 Jan 2006 |
| Stereo systems (incorporating amplifiers, cassette players, CD players, radios and speakers) | 5 | * | 1 Jan 2006 |
| Surround sound systems (incorporating audio-video receivers and speakers) | 5 | * | 1 Jan 2006 |
| Television sets | 8 | * | 1 Jan 2006 |
| Vacuum cleaners, portable | 5 | * | 1 Jan 2006 |
| Video cassette recorder systems (VCR) | 5 | * | 1 Jan 2006 |
| Washing machines | 6 | * | 1 Jan 2006 |
| Ladders (including stepladders, work platforms extension ladders, trestles and planks): | |||
| Aluminium | 4 | * | 1 Jul 2015 |
| Fibreglass | 4 | * | 1 Jul 2015 |
| Portable structures (sheds, site office trailers, portable toilets and washrooms etc) used for a temporary period in offsite locations (e.g. construction sites) | 10 | * | 1 Jul 2014 |
| Power tools: | |||
| Chainsaws | 3 | * | 1 Jul 2005 |
| Hand tools - air | 5 | * | 1 Jul 2005 |
| Hand tools - battery | 3 | * | 1 Jul 2008 |
| Hand tools - electric | 5 | * | 1 Jul 2005 |
| Jackhammers - air | 7 | * | 1 Jul 2005 |
| Jackhammers - electric | 3 | * | 1 Jul 2005 |
| Nail guns - air | 3 | * | 1 Jul 2005 |
| Recreational vehicles: | |||
| Campervans and motorhomes: | |||
| Vehicles having a gross vehicle mass greater than 3 tonnes and 4WD vehicles | 5 | * | 1 Jul 2015 |
| Vehicles having a gross vehicle mass of 3 tonnes or less | 8 | * | 1 Jul 2015 |
| Caravans and camper trailers | 12 | * | 1 Jul 2015 |
| Rental cars [43] | 5 | * | 1 Jul 2016 |
| Scaffolding: | |||
| Aluminium | 5 | * | 1 Jul 2015 |
| Fibreglass | 5 | * | 1 Jul 2015 |
| Steel | 15 | * | 1 Jul 2015 |
| Traffic management assets: | |||
| Crash prevention assets: | |||
| Barriers: | |||
| Concrete | 30 | * | 1 Jan 2006 |
| Plastic | 5 | * | 1 Jan 2006 |
| Crash attenuators (truck mounted) | 10 | * | 1 Jan 2006 |
| Road marking assets: | |||
| < 100 litre capacity | 5 | * | 1 Jan 2006 |
| 100 to 500 litre capacity | 9 | * | 1 Jan 2006 |
| > 500 litre capacity | 11 | * | 1 Jan 2006 |
| Line grinders (walk behind) | 5 | * | 1 Jan 2006 |
| Traffic management signs: | |||
| Arrow boards | 10 | * | 1 Jan 2006 |
| Speed observation signs | 10 | * | 1 Jan 2006 |
| Traffic lights - mobile | 10 | * | 1 Jan 2006 |
| Variable message signs | 10 | * | 1 Jan 2006 |
| Static signage (including safety cones, barricades, warning signs and bollards) | 3 | * | 1 Jan 2006 |
| Video recorder or equipment hiring | 6 ⅔ | 1 Jan 2001 | |
| Video tapes and games hiring | ½ | * | 1 Jan 2001 |
| Welders: | |||
| Diesel | 10 | * | 1 Jul 2005 |
| Electric | 5 | * | 1 Jul 2005 |
| Note: where the terms 'freestanding' and 'fixed' are used in entries for residential property operators, they have the following meaning. Freestanding - items designed to be portable or movable. Any attachment to the premises is only for the item's temporary stability. Fixed - annexed or attached by any means, for example screws, nails, bolts, glue, adhesive, grout or cement, but not merely for temporary stability. | |||
|
Residential property operators
[44]
(67110) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Assets generally: | |||
| Air conditioning assets (excluding ducting, pipes and vents): | |||
| Air handling units | 20 | * | 1 Jul 2003 |
| Chillers: | |||
| Absorption | 25 | * | 1 Jul 2003 |
| Centrifugal | 20 | * | 1 Jul 2003 |
| Volumetrics (including reciprocating, rotary, screw, scroll): | |||
| Air-cooled | 15 | * | 1 Jul 2003 |
| Water-cooled | 20 | * | 1 Jul 2003 |
| Condensing sets | 15 | * | 1 Jul 2003 |
| Cooling towers | 15 | * | 1 Jul 2003 |
| Damper motors (including variable air volume box controller) | 10 | * | 1 Jul 2003 |
| Fan coil units (connected to condensing set) | 15 | * | 1 Jul 2003 |
| Mini split systems up to 20KW (including ceiling, floor and high wall split system) | 10 | * | 1 Jul 2003 |
| Packaged air conditioning units | 15 | * | 1 Jul 2003 |
| Pumps | 20 | * | 1 Jul 2003 |
| Room units | 10 | * | 1 Jul 2003 |
| Ceiling fans | 5 | * | 1 Jul 2004 |
| Clocks, electric | 10 | * | 1 Jul 2004 |
| Digital peep holes | 10 | * | 1 Jul 2019 |
| DVD players | 5 | * | 1 Jul 2004 |
| Door closers | 10 | * | 1 Jul 2004 |
| Door stops, freestanding | 10 | * | 1 Jul 2004 |
| Escalators (machinery and moving parts) | 20 | * | 1 Jan 2003 |
| Evaporative coolers: | |||
| Fixed (excluding ducting and vents) | 15 | * | 1 Jul 2019 |
| Portable | 10 | * | 1 Jul 2005 |
| Floor coverings (removable without damage): | |||
| Carpet | 8 | * | 1 Jul 2019 |
| Floating timber | 15 | * | 1 Jul 2004 |
| Linoleum | 10 | 1 Jan 2001 | |
| Vinyl | 10 | 1 Jan 2001 | |
| Furniture, freestanding | 13 ⅓ | 1 Jan 2001 | |
| Garbage bins | 10 | * | 1 Jul 2004 |
| Garbage compacting systems (excluding chutes) | 6 ⅔ | 1 Jan 2001 | |
| Generators | 20 | 1 Jan 2001 | |
| Gym assets: | |||
| Cardiovascular | 5 | * | 1 Jul 2004 |
| Resistance | 10 | * | 1 Jul 2004 |
| Hand dryers, electrical | 10 | 1 Jan 2001 | |
| Heaters: | |||
| Fixed: | |||
| Electric | 15 | * | 1 Jul 2004 |
| Gas: | |||
| Ducted central heating unit | 20 | * | 1 Jul 2004 |
| Other | 15 | * | 1 Jul 2004 |
| Freestanding | 15 | * | 1 Jul 2004 |
| Home automation control assets | 10 | * | 1 Jul 2019 |
| Hot water systems (excluding piping): | |||
| Electric | 12 | * | 1 Jul 2004 |
| Gas | 12 | * | 1 Jul 2004 |
| Solar | 15 | * | 1 Jul 2004 |
| Hydronic assets: | |||
| Controls | 10 | * | 1 Jul 2019 |
| Water heaters | 15 | * | 1 Jul 2019 |
| Intercom system assets | 10 | * | 1 Jul 2004 |
| Lifts (including hydraulic and traction lifts) | 30 | * | 1 Jan 2003 |
| Lights: | |||
| Fittings (excluding hardwired) | 5 | * | 1 Jul 2004 |
| Freestanding | 5 | * | 1 Jul 2004 |
| Shades, removable | 5 | * | 1 Jul 2004 |
| Linen | 5 | * | 1 Jul 2004 |
| Master antenna television (MATV) assets: | |||
| Amplifiers | 10 | * | 1 Jul 2004 |
| Modulators | 10 | * | 1 Jul 2004 |
| Power sources | 10 | * | 1 Jul 2004 |
| Mirrors, freestanding | 15 | * | 1 Jul 2004 |
| Radios | 10 | 1 Jan 2001 | |
| Rugs | 7 | * | 1 Jul 2004 |
| Skylights: | |||
| Controls | 10 | * | 1 Jul 2019 |
| Motors | 10 | * | 1 Jul 2019 |
| Solar power generating system (incorporating batteries, inverters, solar panels, regulators) | 20 | * | 1 Jul 2004 |
| Stereo systems (incorporating amplifiers, cassette players, CD players, radios and speakers) | 7 | * | 1 Jul 2004 |
| Surround sound systems (incorporating audio-video receivers and speakers) | 10 | * | 1 Jul 2004 |
| Telecommunications assets: | |||
| Cordless phones | 4 | * | 1 Jul 2004 |
| Telephone hand sets | 6 | * | 1 Jul 2019 |
| Telephone systems - see Table B Telephony | |||
| Television antennas, freestanding | 5 | * | 1 Jul 2004 |
| Television sets | 8 | * | 1 Jul 2019 |
| Vacuum cleaners: | |||
| Ducted: | |||
| Hoses | 10 | * | 1 Jul 2004 |
| Motors | 10 | * | 1 Jul 2004 |
| Wands | 10 | * | 1 Jul 2004 |
| Portable | 10 | 1 Jan 2001 | |
| Ventilation fans | 20 | * | 1 Jul 2004 |
| Video cassette recorder systems (VCRs) | 5 | * | 1 Jul 2004 |
| Water pumps: | |||
| Multi-storey | 20 | * | 1 Jul 2019 |
| Rainwater tanks | 5 | * | 1 Jul 2019 |
| Single residence pressure pumps | 8 | * | 1 Jul 2019 |
| Window blinds, internal | 10 | * | 1 Jul 2004 |
| Window curtains | 6 | * | 1 Jul 2004 |
| Window shutters, automatic: | |||
| Controls | 10 | * | 1 Jul 2004 |
| Motors | 10 | * | 1 Jul 2004 |
| Bathroom assets: | |||
| Accessories, freestanding (including shower caddies, soap holders, toilet brushes) | 3 | * | 1 Jul 2019 |
| Exhaust fans (including light/heating) | 10 | * | 1 Jul 2004 |
| Heated towel rails, electric | 10 | * | 1 Jul 2004 |
| Shower curtains (excluding curtain rods and screens) | 2 | * | 1 Jul 2004 |
| Spa bath pumps | 10 | * | 1 Jul 2019 |
| Fire control assets: | |||
| Alarms: | |||
| Heat | 6 | * | 1 Jul 2004 |
| Smoke | 6 | * | 1 Jul 2004 |
| Detection and alarm systems: | |||
| Alarm bells | 12 | * | 1 Jul 2004 |
| Detectors (including addressable manual call points, heat, multi type and smoke) | 20 | * | 1 Jul 2004 |
| Fire indicator panels | 12 | * | 1 Jul 2004 |
| Emergency warning and intercommunication systems (EWIS): | |||
| Master emergency control panels | 12 | * | 1 Jul 2004 |
| Speakers | 12 | * | 1 Jul 2004 |
| Strobe lights | 12 | * | 1 Jul 2004 |
| Warden intercom phones (WIPs) | 12 | * | 1 Jul 2004 |
| Extinguishers | 15 | * | 1 Jul 2004 |
| Hoses and nozzles | 10 | * | 1 Jul 2004 |
| Pumps (including diesel and electric) | 25 | * | 1 Jul 2004 |
| Stair pressurisation assets: | |||
| AC variable speed drives (VSDs) | 10 | * | 1 Jul 2004 |
| Pressurisation and extraction fans | 25 | * | 1 Jul 2004 |
| Sensors | 10 | * | 1 Jul 2004 |
| Kitchen assets: | |||
| Cook tops | 12 | * | 1 Jul 2004 |
| Crockery | 5 | * | 1 Jul 2004 |
| Cutlery | 5 | * | 1 Jul 2004 |
| Dishwashers | 8 | * | 1 Jul 2019 |
| Freezers | 12 | * | 1 Jul 2004 |
| Garbage disposal units | 10 | * | 1 Jul 2004 |
| Microwave ovens | 8 | * | 1 Jul 2019 |
| Ovens | 12 | * | 1 Jul 2004 |
| Range hoods | 12 | * | 1 Jul 2004 |
| Refrigerators | 12 | * | 1 Jul 2004 |
| Stoves | 12 | * | 1 Jul 2004 |
| Water filters, electrical | 15 | * | 1 Jul 2004 |
| Laundry assets: | |||
| Clothes dryers | 7 | * | 1 Jul 2019 |
| Ironing boards, freestanding | 5 | * | 1 Jul 2019 |
| Irons | 5 | * | 1 Jul 2004 |
| Washing machines | 8 | * | 1 Jul 2019 |
| Outdoor assets: | |||
| Automatic garage doors: | |||
| Controls | 5 | * | 1 Jul 2004 |
| Motors | 10 | * | 1 Jul 2004 |
| Barbecue assets: | |||
| Fixed barbecue assets: | |||
| Sliding trays and cookers | 10 | * | 1 Jul 2004 |
| Freestanding barbecues | 5 | * | 1 Jul 2004 |
| Floor carpet (including artificial grass and matting) | 5 | * | 1 Jul 2004 |
| Folding arm awnings: | |||
| Controls | 10 | * | 1 Jul 2019 |
| Motors | 10 | * | 1 Jul 2019 |
| Furniture, freestanding | 5 | * | 1 Jul 2004 |
| Gardening watering installations: | |||
| Control panels | 5 | * | 1 Jul 2004 |
| Pumps | 5 | * | 1 Jul 2004 |
| Timing devices | 5 | * | 1 Jul 2004 |
| Garden lights, solar | 5 | * | 1 Jul 2019 |
| Garden sheds, freestanding | 15 | * | 1 Jul 2004 |
| Gates, electrical: | |||
| Controls | 5 | * | 1 Jul 2004 |
| Motors | 10 | * | 1 Jul 2004 |
| Operable pergola louvres: | |||
| Controls | 15 | * | 1 Jul 2004 |
| Motors | 15 | * | 1 Jul 2004 |
| Rainwater tanks: | |||
| Galvanised steel | 25 | * | 1 Jul 2019 |
| Polyethylene | 15 | * | 1 Jul 2019 |
| Roller blinds: | |||
| Controls | 10 | * | 1 Jul 2019 |
| Motors | 10 | * | 1 Jul 2019 |
| Sauna heating assets | 15 | * | 1 Jul 2004 |
| Sewage treatment assets: | |||
| Controls | 8 | * | 1 Jul 2004 |
| Motors | 8 | * | 1 Jul 2004 |
| Spas: | |||
| Fixed spa assets: | |||
| Chlorinators | 10 | * | 1 Jul 2019 |
| Filtration assets (including pumps) | 10 | * | 1 Jul 2019 |
| Heaters (electric or gas) | 15 | * | 1 Jul 2004 |
| Freestanding spas (incorporating blowers, controls, filters, heaters and pumps) | 17 | * | 1 Jul 2004 |
| Swimming pool assets: | |||
| Chlorinators | 10 | * | 1 Jul 2019 |
| Cleaning assets | 7 | * | 1 Jul 2004 |
| Covers (including blankets) | 8 | * | 1 Jul 2019 |
| Filtration assets (including pumps) | 10 | * | 1 Jul 2019 |
| Heaters: | |||
| Electric | 15 | * | 1 Jul 2004 |
| Gas | 15 | * | 1 Jul 2004 |
| Solar | 20 | * | 1 Jul 2004 |
| Tennis court assets: | |||
| Cleaners | 3 | * | 1 Jul 2004 |
| Drag brooms | 3 | * | 1 Jul 2004 |
| Nets | 5 | * | 1 Jul 2004 |
| Rollers | 3 | * | 1 Jul 2004 |
| Umpire chairs | 15 | * | 1 Jul 2004 |
| Security and monitoring assets: | |||
| Access control systems: | |||
| Code pads | 5 | * | 1 Jul 2004 |
| Door controllers | 5 | * | 1 Jul 2004 |
| Readers: | |||
| Proximity | 7 | * | 1 Jul 2004 |
| Swipe card | 3 | * | 1 Jul 2004 |
| CCTV systems: | |||
| Cameras | 4 | * | 1 Jul 2004 |
| Monitors | 4 | * | 1 Jul 2004 |
| Recorders: | |||
| Digital | 4 | * | 1 Jul 2004 |
| Time lapse | 2 | * | 1 Jul 2004 |
| Switching units (including multiplexes) | 5 | * | 1 Jul 2004 |
| Security systems: | |||
| Code pads | 5 | * | 1 Jul 2004 |
| Control panels | 5 | * | 1 Jul 2004 |
| Detectors (including passive infrared, photo sensors and vibration) | 5 | * | 1 Jul 2004 |
| Global System for Mobiles (GSM) units | 5 | * | 1 Jul 2004 |
| Noise makers (including bells and sirens) | 5 | * | 1 Jul 2004 |
|
Non-residential property operators
(67120) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Commercial office building assets: | |||
| Boilers | 20 | * | 1 Jul 2005 |
| Boiler pumps | 5 | * | 1 Jul 2005 |
| Building maintenance units | 35 | * | 1 Jul 2005 |
| Carpets | 8 | * | 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 |
| Hot water installations (excluding commercial boilers and piping) | 15 | * | 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 instruments) | 25 | * | 1 Jul 2005 |
| Power management units | 15 | * | 1 Jul 2005 |
| Lighting control systems (microprocessor based) | 5 | * | 1 Jul 2014 |
| Uninterruptible power supply (UPS) systems: | |||
| Line interactive types | 5 | * | 1 Jul 2013 |
| On line double conversion types | 10 | * | 1 Jul 2013 |
| Window blinds | 20 | * | 1 Jul 2005 |
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