Taxation Ruling

TR 2019/5

Income tax: effective life of depreciating assets (applicable from 1 July 2019)

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  • Please note that the PDF version is the authorised version of this ruling.
    This Ruling, which applies from 1 July 2019, replaces TR 2018/4 (see paragraph 5 of this Ruling for further details).
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Retail trade - (39110 to 43209)

RETAIL TRADE
(39110 to 43209)
ASSET LIFE
(YEARS) 		REVIEWED DATE OF
APPLICATION
Counters, freestanding (including check-out and service counters) 10     *     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
Electronic article surveillance (EAS) system assets (including barcodes or tag deactivators and detachers, door pedestals, electronic tag release assets, receivers and transmitters) 5     *     1   Jul   2005
Floor coverings (removable without damage):
    Carpet 8     *     1   Jul   2005
    Floating timber 10     *     1   Jul   2005
    Linoleum 10     *     1   Jul   2005
    Vinyl 10     *     1   Jul   2005
Furniture, freestanding (including chairs, cupboards, racks, showcases and tables) 10     *     1   Jul   2005
Hot food display assets (including bain marie) 10     *     1   Jul   2005
Loading bay assets - see Table B Loading bay assets
Overhead track scales (including meat rail scales) 10     *     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 instrument) 25     *     1   Jul   2005
        Power management unit 15     *     1   Jul   2005
    Uninterruptible power supply (UPS) system:
        Line interactive type 5     *     1   Jul   2013
        On line double conversion type 10     *     1   Jul   2013
Public address and paging system assets (including amplifiers, audio speakers and microphones) - see Table B Public address and paging system assets
Refrigeration assets:
    Generally (including blast chillers, condensers, evaporators, refrigeration cabinets, standalone freezers and standalone refrigerators) 10     *     1   Jul   2014
    Ice making machines 8     *     1   Jul   2014
    Insulation panels used in cool or freezer rooms 40     *     1   Jul   2014
Roller shutter electric motors 20     *     1   Jul   2005
Shelving 10     *     1   Jul   2005
Signage used for business identification (including lighting for signs) - see Table B Advertising signs
Trolleys, customer shopping type 7     *     1   Jul   2005
Trolleys, stock type 10     *     1   Jul   2005
Visual display assets (including body forms, head displayers, mannequins and seasonal decorations) 7     *     1   Jul   2005
Motor vehicle tyre or tube retailing
(39220)
ASSET LIFE
(YEARS) 		REVIEWED DATE OF
APPLICATION
Air tools (including ratchet guns) 2     *     1   Jul   2011
Compressed air assets:
    Air compressors:
        Reciprocating 10     *     1   Jul   2011
        Rotary screw 10     *     1   Jul   2011
        Rotary vane 10     *     1   Jul   2011
    Air receivers 10     *     1   Jul   2011
    Air driers and dehumidifiers 10     *     1   Jul   2011
    Hose reels 3     *     1   Jul   2011
    Reticulation lines:
        Aluminium 15     *     1   Jul   2011
        Copper 20     *     1   Jul   2011
        Polyethylene (PE) 15     *     1   Jul   2011
        Steel 10     *     1   Jul   2011
Floor jacks:
    Used for car and light truck repairs 3     *     1   Jul   2011
    Used for heavy vehicle repairs 5     *     1   Jul   2011
Hand tools 10     *     1   Jul   2011
Stillages 15     *     1   Jul   2011
Storage shelving 10     *     1   Jul   2011
Tyre conveyors:
    Horizontal 10     *     1   Jul   2011
    Vertical 8     *     1   Jul   2011
Tyre fitting machines 5     *     1   Jul   2011
Tyre inflation cages 10     *     1   Jul   2011
Tyre inflators (automatic and manual) 3     *     1   Jul   2011
Tyre spreaders 8     *     1   Jul   2011
Vehicle hoists:
    Used for car and light truck repairs 10     *     1   Jul   2011
    Used for heavy vehicle repairs 20     *     1   Jul   2011
Wheel alignment machines 7     *     1   Jul   2011
Wheel balancing machines 5     *     1   Jul   2011
Wheel balancing plates, flanges and finger adaptors 5     *     1   Jul   2011
Wheel lifters 5     *     1   Jul   2011
Wheel lifters (incorporating tyre spreaders) 8     *     1   Jul   2011
Fuel retailing
(40000)
ASSET LIFE
(YEARS) 		REVIEWED DATE OF
APPLICATION
Air compressors and air lines 7     *     1   Jul   2010
Automatic tank gauges 10     *     1   Jul   2010
Canopy lighting:
    Liquid emitting diode 10     *     1   Jul   2010
    Radiant gas positive 5     *     1   Jul   2010
Convenience store assets:
    Air conditioning systems 7     *     1   Jul   2010
    Back-loading refrigerated cabinets (incorporating fans, boosters and compressors) 10     *     1   Jul   2010
    CCTV video surveillance systems 4     *     1   Jul   2010
    Coffee making machines (including espresso and drip filter type machines) 5     *     1   Jul   2010
    Counters - freestanding 10     *     1   Jul   2010
    Display shelving and racking 10     *     1   Jul   2010
    Door controls and motor drive systems for automatic opening doors (incorporating controls, motors and sensors, but excluding doors) 7     *     1   Jul   2010
    Hot food display assets (including bain maries) 10     *     1   Jul   2010
    Microwave ovens 5     *     1   Jul   2010
    Pie warmers and heating units 10     *     1   Jul   2010
    Refrigerated cabinets and freezers 10     *     1   Jul   2010
    PA systems 12     *     1   Jul   2010
    Point of sale assets:
        Barcode scanners 6     *     1   Jul   2010
        Electronic funds transfer point of sale machines (EFTPOS) 6     *     1   Jul   2010
        Forecourt controllers 6     *     1   Jul   2010
    Safes:
        Cash storage 10     *     1   Jul   2010
        Cash vending 7     *     1   Jul   2010
        Cigarette safes 7     *     1   Jul   2010
Emergency shut off systems 10     *     1   Jul   2010
Facility signs 7     *     1   Jul   2010
Gasoline and diesoline assets:
    Effluent treatment systems (incorporating motors, electronic circuitry, pumps, and separators) 8     *     1   Jul   2010
    Leak protection pressure systems 8     *     1   Jul   2010
    Single or multi product gasoline and diesoline dispensers (incorporating meters, electronic circuitry, LCD displays, cash presets, hoses, automatic nozzles, steel cabinets and, where applicable, vapour recovery monitoring and collection systems) 10     *     1   Jul   2010
    Single or multi product gasoline and diesoline pumps (incorporating pump units, meters, electronic circuitry, LCD displays, cash presets, hoses, automatic nozzles, steel cabinets and, where applicable, vapour recovery monitoring and collection systems 7     *     1   Jul   2010
    Pay at pump card reading systems 6     *     1   Jul   2010
    Submersible turbine pumps 8     *     1   Jul   2010
    Underground fuel distribution and containment piping systems (incorporating pipes, fittings and manholes) 20     *     1   Jul   2010
    Underground fuel storage tanks - steel and fibreglass 20     *     1   Jul   2010
Hot water systems 10     *     1   Jul   2010
LPG assets:
    LPG pumps 7     *     1   Jul   2010
    LPG dispensers (incorporating meters, electronic circuitry, LCD displays, cash presets, hoses, automatic nozzles and steel cabinets) 10     *     1   Jul   2010
    LPG storage tanks - aboveground and underground 30     *     1   Jul   2010
    Underground steel piping systems (incorporating pipes, fittings and manholes) 20     *     1   Jul   2010
Food retailing
(41100 to 41290)
ASSET LIFE
(YEARS) 		REVIEWED DATE OF
APPLICATION
Butchers' plant 20 1   Jan   2001
Other store-based retailing
(42110 to 42799)
ASSET LIFE
(YEARS) 		REVIEWED DATE OF
APPLICATION
Newspaper wrapping machines 10 1   Jan   2001
Paint tinting and colour blending machines (manual and automatic) 7     *     1   Jul   2014

Not previously issued as a draft

References

ATO references:
NO 1-HHM96UX

Previous Rulings/Determinations:
TR 2013/4
TR 2014/4
TR 2015/2
TR 2016/1
TR 2017/2
TR 2018/4

ISSN: 2205-6122

Subject References:
depreciation
depreciation rate
effective life

Business Line:  PGI

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 2019 (No. 1)

TR 2019/5 history
  Date: Version: Change:
You are here 26 June 2019 Original ruling  
  22 April 2020 Consolidated ruling Addendum

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