Taxation Ruling

TR 2014/4

TR 2014/4 - Income tax: effective life of depreciating assets (applicable from 1 July 2014)

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This Ruling, which applies from 1 July 2014, replaces TR 2013/4 (see paragraph 5 of this Ruling for further details).

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TR 2014/4 - Effective lives (Industry Categories)
Table A as at 1 July 2014 - PROFESSIONAL,SCIENTIFIC AND TECHNICAL SERVICES

*PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES* ( *69100 to 70000* )

*Scientific research services* *(69100)*
ASSET	LIFE (YEARS)	REVIEWED	DATE OF APPLICATION
Scientific medical and pharmaceutical research assets:
Autoclaves:
Bench top autoclaves	5	*	1 Jul 2014
Others	10	*	1 Jul 2014
Automated cell counters	5	*	1 Jul 2014
Automated colony pickers	5	*	1 Jul 2014
Balances	10	*	1 Jul 2014
Biological safety cabinets	10	*	1 Jul 2014
Cell harvesters	10	*	1 Jul 2014
Centrifuges:
Bench top centrifuges	5	*	1 Jul 2014
Others	10	*	1 Jul 2014
Computed tomography (CT) scanners	10	*	1 Jul 2014
Digital cameras	3	*	1 Jul 2014
DNA sequencers	5	*	1 Jul 2014
Electrophoresis systems (incorporating power supplies and tanks)	7	*	1 Jul 2014
Electroporators	8	*	1 Jul 2014
Fermenters	10	*	1 Jul 2014
Flow cytometers	8	*	1 Jul 2014
Freeze dryers	10	*	1 Jul 2014
Freezers	10	*	1 Jul 2014
Gel documentation systems	5	*	1 Jul 2014
Glassware washers	8	*	1 Jul 2014
Heating blocks	10	*	1 Jul 2014
Homogenisers	7	*	1 Jul 2014
Incubators	6	*	1 Jul 2014
Liquid chromatography systems	5	*	1 Jul 2014
Liquid nitrogen assets (including dewars and tanks)	10	*	1 Jul 2014
Microscopes	10	*	1 Jul 2014
Microtomes	10	*	1 Jul 2014
Mixers	7	*	1 Jul 2014
Nano spectrophotometers	8	*	1 Jul 2014
Ovens	6	*	1 Jul 2014
Peristaltic pumps	7	*	1 Jul 2014
PH meters	7	*	1 Jul 2014
Plate readers	5	*	1 Jul 2014
Polymerase chain reaction (PCR) thermal cyclers	8	*	1 Jul 2014
Real-time PCR detection machines	5	*	1 Jul 2014
Refrigerators	8	*	1 Jul 2014
Robotic systems (including robotic liquid handling systems and robotic sampler systems)	5	*	1 Jul 2014
Shakers	7	*	1 Jul 2014
Sonicators (including water bath sonicators and sonicators with probes)	7	*	1 Jul 2014
Spectrophotometers (excluding nano spectrophotometers)	10	*	1 Jul 2014
Surface plasmon resonance (SPR) machines	5	*	1 Jul 2014
Vacuum concentrators	7	*	1 Jul 2014
Water baths (including refrigerated and shaking water baths)	7	*	1 Jul 2014
Water purification systems	8	*	1 Jul 2014

*Surveying and mapping services* ( *69220* )
ASSET	LIFE (YEARS)	REVIEWED	DATE OF APPLICATION
Surveyors' instruments:
Geodimeter (electronic)	10		1 Jan 2001
Laser beam survey equipment	10		1 Jan 2001
Levels	20		1 Jan 2001
Stereoplotters (for making surveys from aerial photography etc)	10		1 Jan 2001
Theodolites	20		1 Jan 2001

*Veterinary services* ( *69700* )
ASSET	LIFE (YEARS)	REVIEWED	DATE OF APPLICATION
Veterinarians' assets:
Anaesthesia machines	10	*	1 Jan 2004
Animal blow dryers	5	*	1 Jan 2004
Animal cages:
Fibreglass, plastic and polyethylene cages	10	*	1 Jan 2004
Stainless steel cages	20	*	1 Jan 2004
Animal patient monitoring assets (including blood pressure monitors, CO ₂ end-tidal monitors, ECGs and pulse oximeters)	7	*	1 Jan 2004
Animal scales	7	*	1 Jan 2004
Dental assets:
Dental units	10	*	1 Jan 2004
Ultrasonic scalers (standalone)	10	*	1 Jan 2004
Diagnostic assets (including ophthalmoscope, otoscope, handles and power supply)	10	*	1 Jan 2004
Electrocautery units	10	*	1 Jan 2004
Electroejaculators	6	*	1 Jan 2004
Hydrobaths	8	*	1 Jan 2004
Pathology assets:
Centrifuges	5	*	1 Jan 2004
Laboratory analysers:
Electrolyte analysers	4	*	1 Jan 2004
Generally	5	*	1 Jan 2004
Microscopes	10	*	1 Jan 2004
Surgery lights	10	*	1 Jan 2004
Tables and tubs	20	*	1 Jan 2004
Ultrasound systems (incorporating scanner, transducers, integrated computer and integrated software)	5	*	1 Jan 2004
X-ray assets (excluding direct radiography assets):
Mobile or portable x-ray units	10	*	1 Jan 2004
X-ray processors - automatic	10	*	1 Jan 2004

*Professional photographic services* ( *69910* )
ASSET	LIFE (YEARS)	REVIEWED	DATE OF APPLICATION
Photographers' plant:
Cameras:
Generally (including lenses, electronic flash units, enlargers etc)	10		1 Jan 2001
Used for street photography	4		1 Jan 2001
Dark rooms (demountable - not integral part of building)	20		1 Jan 2001

Not issued as a draft

References

ATO references:
NO 99/132027; 2000/20567; 2003/11601; 2004/17815; 2005/6504; 2005/18073; 2006/25212; 2007/7796; 2008/9394; 2009/5704; 1-20KCCA6; 1-2Z8ZAX4; 1-3VCCZ0O; 1-4NMTK3G; 1-5EJ20VG

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
TR 2011/2
TR 2012/2
TR 2013/4

Subject References:
capped lives
determination of effective life
decline in value
depreciating assets
effective life
effective life determination

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(5)
ITAA 1997 40-100(6)(b)
ITAA 1997 40-102(4)
ITAA 1997 40-102(4A)
ITAA 1997 40-105
ITAA 1997 40-110
TAA 1953

Other References:
Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2014 (No. 1)

TR 2014/4 history

	Date:	Version:	Change:
	25 June 2014	Original ruling
	16 July 2014	Consolidated ruling	Erratum
You are here	6 August 2014	Consolidated ruling	Addendum

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