Taxation Ruling

TR 2015/2

TR 2015/2 - Income tax: effective life of depreciating assets (applicable from 1 July 2015)

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This Ruling, which applies from 1 July 2015, replaces TR 2014/4 (see paragraph 5 of this Ruling for further details).

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Schedule - ANZSIC categories in Table A

AGRICULTURE, FORESTRY AND FISHING (01110 to 05290)	19
Agriculture	21
Aquaculture	37
Beef cattle farming	31
Beef cattle feedlots	31
Coffee, olive and tree nut growing	29
Dairy cattle farming	32
Fishing	39
Forestry and logging	38
Fruit growing	28
Mushroom growing	26
Nursery and floriculture production	24
Pig farming	36
Poultry farming for breeding, eggs and meat	34
Poultry hatcheries	35
Sheep farming	30
Vegetable growing (under cover)	26
Vegetable growing (outdoors) and sugar cane growing	27
MINING (06000 to 10900)	39
Coal mining	43
Construction material mining	49
Gold ore mining	47
Iron ore mining	47
Mineral sand mining	48
Mineral exploration services	50
Nickel ore mining	49
Oil and gas extraction	44
Petroleum exploration services	50
MANUFACTURING (11110 to 25990)	51
Alumina production	139
Aluminium smelting	140
Bakery product manufacturing	66
Bakery product manufacturing (non factory based)	67
Basic chemical and chemical product manufacturing	103
Beer manufacturing (except non alcoholic beer)	84
Boiler, tank and other heavy gauge metal container manufacturing	145
Cement manufacturing	117
Ceramic product manufacturing	117
Cereal and pasta product manufacturing	64
Cigarette and tobacco product manufacturing	89
Cleaning compound and toiletry preparation manufacturing	111
Concrete product manufacturing	122
Confectionery manufacturing	71
Cured meat and smallgoods manufacturing	57
Dairy product manufacturing	57
Fabricated metal product manufacturing	142
Fruit and vegetable processing	58
Furniture and other manufacturing	157
Glass and glass product manufacturing	114
Grain mill product manufacturing	62
Human pharmaceutical and medicinal product manufacturing	110
Industrial gas manufacturing	99
Iron smelting and steel manufacturing	125
Log sawmilling and timber dressing	89
Meat processing	51
Motor vehicle body and trailer manufacturing	153
Motor vehicle manufacturing	146
Non ferrous metal casting	141
Non metallic mineral product manufacturing	117
Oil and fat manufacturing	60
Other basic chemical product manufacturing	111
Other food product manufacturing n.e.c.	76
Other motor vehicle parts manufacturing	153
Other professional and scientific equipment manufacturing n.e.c.	156
Other transport equipment manufacturing n.e.c.	156
Other wood product manufacturing	92
Paint and coatings manufacturing	113
Paper stationery manufacturing	93
Petroleum refining	97
Photographic, optical and ophthalmic equipment manufacturing	156
Plaster product manufacturing	120
Plywood and veneer manufacturing	90
Polymer film and sheet packaging material manufacturing	112
Polymer product and rubber product manufacturing	113
Poultry processing	57
Prepared animal and bird feed manufacturing	72
Printing	94
Printing support services	96
Pulp, paper and converted paper product manufacturing	92
Railway rolling stock manufacturing and repair services	154
Ready-mixed concrete manufacturing	121
Reconstituted wood product manufacturing	91
Sanitary paper product manufacturing	93
Soft drink, cordial and syrup manufacturing	83
Spirit manufacturing	86
Steel coil roll forming, slitting, blanking and sheet metal forming	142
Sugar manufacturing	67
Textile, leather, clothing and footwear manufacturing	89
Wine and other alcoholic beverage manufacturing	86
ELECTRICITY, GAS, WATER AND WASTE SERVICES (26110 to 29220)	157
Electricity supply	157
Gas supply	161
Irrigation water providers	162
Sewerage and drainage services	164
Solid waste collection services	166
Waste remediation and materials recovery services	167
Waste treatment and disposal services	166
Water supply	162
CONSTRUCTION (30110 to 32990)	168
Other heavy and civil engineering construction n.e.c.	170
WHOLESALE TRADE (33110 to 38000)	170
Commission-based wholesaling	172
Petroleum product wholesaling	170
Wool wholesaling	170
RETAIL TRADE (39110 to 43209)	173
Food retailing	175
Fuel retailing	174
Motor vehicle tyre or tube retailing	173
Other store-based retailing	176
ACCOMMODATION AND FOOD SERVICES (44000 to 45302)	176
Accommodation	176
Cafes, restaurants, takeaway food services, pubs, taverns bars and clubs (hospitality)	177
TRANSPORT POSTAL AND WAREHOUSING (46100 to 53090)	179
Airport operations and other air transport support services	187
Courier pick up and delivery services	186
Other transport support services n.e.c.	188
Other warehousing and storage services	189
Postal services	186
Rail freight and passenger transport services	180
Road transport	179
Scenic and sightseeing transport	185
Tramway and light rail passenger transport services	179
Water transport and support services	182
INFORMATION MEDIA AND TELECOMMUNICATIONS (54110 to 60200)	190
Internet publishing and broadcasting	197
Library and other information services	198
Motion picture and video activities	190
Motion picture exhibition	193
Radio broadcasting	193
Telecommunications services	197
Television broadcasting	195
FINANCIAL AND INSURANCE SERVICES (62100 to 64200)	198
RENTAL, HIRING AND REAL ESTATE SERVICES (66110 to 67200)	199
Non residential property operators	206
Rental and hiring services (except real estate)	199
Residential property operators	201
PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES (69100 to 70000)	207
Advertising services	209
Professional photographic services	210
Scientific research services	207
Surveying and mapping services	208
Veterinary services	209
ADMINISTRATIVE AND SUPPORT SERVICES (72110 to 73200)	211
Building and other industrial cleaning services	211
Gardening services	212
Packaging services	212
EDUCATION AND TRAINING (80100 to 82200)	213
HEALTH CARE AND SOCIAL ASSISTANCE (84010 to 87900)	213
Dental services	216
Hospitals	214
Nursing home operation	221
Optometry and optical dispensing	217
Pathologist and other pathology services	218
Podiatry services	218
Radiology and diagnostic imaging services	219
Specialist medical services n.e.c.	220
ARTS AND RECREATION SERVICES (89100 to 92099)	221
Creative and performing arts activities	222
Gambling activities	224
Health and fitness centres and gymnasia operation	222
Heritage activities	221
Sport and recreation services	222
OTHER SERVICES (94110 to 96030)	225
Automotive body, paint and interior repair n.e.c.	228
Automotive repair and maintenance	225
Funeral, crematorium and cemetery services	233
Hairdressing and beauty services	232
Laundry and dry cleaning services	233
Other machinery and equipment repair and maintenance	229
Photographic film processing	235

Not issued as a draft

References

ATO references:
NO 1-6GI83JW

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
TR 2014/4

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) Determination 2015

TR 2015/2 history

	Date:	Version:	Change:
You are here	24 June 2015	Consolidated ruling

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