Taxation Ruling

TR 2011/2

Income tax: effective life of depreciating assets (applicable from 1 July 2011)

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Appendix 2 - 1 July 2011 Schedule


AGRICULTURE, FORESTRY AND FISHING	22
Agriculture	24
Nursery and Floriculture Production	30
Mushroom growing	31
Hydroponics	32
Vegetable and cane growing	32
Fruit growing	33
Coffee, olive and tree nut growing	35
Poultry farming for breeding, eggs and meat	36
Poultry hatcheries	37
Pig farming	38
Aquaculture	39
Forestry and logging	41
Fishing	41
MINING	41
Coal mining	45
Oil and gas extraction	46
Iron ore mining	49
Gold ore mining	49
Mineral sand mining	50
Nickel ore mining	51
Construction material mining	51
Petroleum exploration services	52
Mineral exploration services	52
MANUFACTURING	53
Meat and meat product manufacturing	53
Dairy product manufacturing	54
Fruit and vegetable processing	55
Oil and fat manufacturing	57
Grain mill product manufacturing	57
Cereal and pasta product manufacturing	58
Bakery product manufacturing	60
Bakery product manufacturing (non factory based)	61
Sugar manufacturing	62
Confectionery manufacturing	66
Other food product manufacturing n.e.c.	66
Soft drink, cordial and syrup manufacturing	67
Beer manufacturing (except non alcoholic beer)	69
Spirit manufacturing	71
Wine and other alcoholic beverage manufacturing	71
Cigarette and tobacco manufacturing	73
Textile, leather, clothing and footwear manufacturing	73
Log sawmilling and timber dressing	74
Plywood and veneer manufacturing	75
Reconstituted wood product manufacturing	76
Other wood product manufacturing	76
Pulp, paper and converted paper product manufacturing	77
Paper stationery manufacturing	78
Printing	78
Newspaper printing or publishing	79
Printing support services	80
Petroleum refining	82
Industrial gas manufacturing	83
Basic chemical and chemical product manufacturing	87
Pharmaceutical and medicinal product manufacturing	87
Cleaning compound and toiletry preparation manufacturing	88
Other basic chemical product manufacturing	88
Polymer product and rubber product manufacturing	89
Glass and glass product manufacturing	89
Non metallic mineral product manufacturing	91
Ceramic product manufacturing	92
Cement manufacturing	92
Plaster product manufacturing	94
Concrete product manufacturing	96
Iron smelting and steel manufacturing	96
Alumina production	110
Aluminium smelting	111
Non ferrous metal casting	111
Fabricated metal product manufacturing	112
Motor vehicle manufacturing	113
Motor vehicle body and trailer manufacturing	116
Other motor vehicle parts manufacturing	116
Other transport equipment manufacturing	116
Photographic, optical and ophthalmic equipment manufacturing	117
Other professional and scientific equipment manufacturing n.e.c.	117
Furniture and other manufacturing	117
ELECTRICITY, GAS, WATER AND WASTE SERVICES	118
Electricity supply	118
Gas supply	122
Irrigation water providers	122
Water supply	123
Sewerage and drainage services	124
Waste disposal services	126
CONSTRUCTION	126
WHOLESALE TRADE	128
Wool wholesaling	128
Petroleum product wholesaling	128
RETAIL TRADE	131
Motor vehicle tyre or tube retailing	131
Fuel retailing	132
Food retailing	133
Other store based retailing	133
ACCOMMODATION AND FOOD SERVICES	134
Accommodation	134
Cafes, restaurants, takeaway food services, pubs, taverns bars and clubs (hospitality)	135
TRANSPORT POSTAL AND WAREHOUSING	136
Road transport	136
Tramway and light rail passenger transport services	137
Rail freight and passenger transport services	137
Water transport and support services	139
Scenic and sightseeing transport	142
Courier pick up and delivery services	143
Airport operations and other air transport support services	144
Other transport support services n.e.c.	145
Other warehousing and storage services	146
INFORMATION MEDIA AND TELECOMMUNICATIONS	147
Telecommunication services	147
Motion picture and sound recording activities	148
Motion picture exhibition	151
Radio broadcasting	151
Television broadcasting	152
Library and other information services	153
FINANCE AND INSURANCE SERVICES	154
RENTAL, HIRING AND REAL ESTATE SERVICES	154
Rental and hiring services (except real estate)	154
Residential property operators	156
Non residential property operators	160
PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES	161
Surveying and mapping services	161
Veterinary services	161
ADMINISTRATIVE AND SUPPORT SERVICES	162
Building cleaning, pest control and other support services	162
Gardening services	162
Packaging services	163
EDUCATION AND TRAINING	164
HEALTH CARE AND SOCIAL ASSISTANCE	164
Hospitals	164
Dental services	167
Optometry and optical dispensing	167
Pathologist and other pathology	169
Podiatry services	169
Radiology and diagnostic imaging services	170
Specialist medical services n.e.c	171
Nursing home operation	172
ARTS AND RECREATION SERVICES	172
Heritage activities	172
Creative and performing arts activities	172
Sport, gambling and recreation services	173
OTHER SERVICES	175
Automotive repair and maintenance	175
Automotive body, paint and interior repair n.e.c.	178
Personal and other services	179
Hairdressing and beauty services	179
Laundry and dry cleaning services	180

Not issued as a draft

References

ATO references:
NO 99/132027; 2000/20567; 2003/11601; 2004/17815;

ISSN: 1039-0731

Related Rulings/Determinations:

IT 2685
TR 2000/18
TR 2006/5
TR 2006/15
TR 2007/3
TR 2008/4
TR 2009/4
TR 2010/2

Subject References:
Commissioner's determination of effective life
Commissioner's effective life schedule
decline in value
depreciating assets
depreciation
depreciation rates
effective life
self assessment of effective life

Legislative References:
ITAA 1997
ITAA 1997 Div 40
ITAA 1997 40-70(1)
ITAA 1997 40-72(1)
ITAA 1997 40-75(1)
ITAA 1997 40-95
ITAA 1997 40-100
ITAA 1997 40-100(4)
ITAA 1997 40-100(4)(b)
ITAA 1997 40-105(1)
ITAA 1997 40-110
ITAA 1997 Subdiv 40-B
ITAA 1997 Subdiv 40-E
ITAA 1997 Subdiv 40-F
ITAA 1997 Subdiv 40-G
ITAA 1997 40-520
ITAA 1997 40-555(1)
ITAA 1997 Subdiv 42-M
ITAA 1997 Div 43
ITAA 1997 Subdiv 328-D
TAA 1953
Tax Laws Amendment (Improvements to Self Assessment) Act (No. 2) 2005

TR 2011/2 history

	Date:	Version:	Change:
You are here	29 June 2011	Consolidated ruling

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