Taxation Ruling

TR 2019/5

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

  • Please note that the PDF version is the authorised consolidated version of this ruling and amending notices.
    This Ruling, which applies from 1 July 2019, replaces TR 2018/4 (see paragraph 5 of this Ruling for further details).
    This document has changed over time. View its history.

Arts and recreation services - (89100 to 92099)

ARTS AND RECREATION SERVICES
(89100 to 92099)
Heritage activities
(89100 to 89220)
ASSET LIFE
(YEARS) 		REVIEWED DATE OF
APPLICATION
Museum displays in aircraft/war museums 100 1   Jan   2001
Parks and gardens:
    Lion parks:
        Animal cages and sheds 20 1   Jan   2001
        Animal huts 10 1   Jan   2001
    Planetarium domes 33   ⅓ 1   Jan   2001
    Sea life centres:
        Fibreglass aquarium tanks 20 1   Jan   2001
        Ketches 13   ⅓ 1   Jan   2001
        TV audio systems 10 1   Jan   2001
Creative and performing arts activities
(90010 to 90030)
ASSET LIFE
(YEARS) 		REVIEWED DATE OF
APPLICATION
Theatre equipment:
    Accessories (theatrical - wigs, costumes etc) 5 1   Jan   2001
Performing dogs - see Table B Working dogs
Health and fitness centres and gymnasia operation
(91110)
ASSET LIFE
(YEARS) 		REVIEWED DATE OF
APPLICATION
Health and fitness centre operation assets:
    Cardiovascular training machines:
        Cross trainers, steppers and treadmills 4     *     1   Jul   2012
        Exercise bicycles (including spin bicycles, upright and recumbent bicycles) 4     *     1   Jul   2012
        Rowing machines 5     *     1   Jul   2012
    Free weight training assets:
        Barbells, dumbbells, kettle bells, weight plates and storage racks 6     *     1   Jul   2012
        Benches (including abdominal crunch, adjustable, declined, inclined and flat benches) 8     *     1   Jul   2012
    Resistance training machines (including abdomen, arm, back, chest, hip, leg, shoulder and multiple training machines) 8     *     1   Jul   2012
    Support assets:
        Audio visual entertainment assets (including amplifiers, audio speakers, digital disc players and television sets) 4     *     1   Jul   2012
        Fans (including wall mounted) 5     *     1   Jul   2012
        Lockers 8     *     1   Jul   2012
        Platform scales 5     *     1   Jul   2012
Sport and recreation services
(91121 to 91390)
ASSET LIFE
(YEARS) 		REVIEWED DATE OF
APPLICATION
Amusement machines and equipment:
    Coin-operated amusement machines:
        Children's rides 5     *     1   Jul   2001
        Convertible video games/simulators (cabinet) 5   ½     *     1   Jul   2001
        Dedicated video games/simulators 3   ½     *     1   Jul   2001
        Interchangeable video game kits 1     *     1   Jul   2001
        Juke boxes (CD) 10     *     1   Jul   2001
        Photo-image machines 3   ½     *     1   Jul   2001
        Pinball machines 3   ½     *     1   Jul   2001
        Pool/billiard tables 10     *     1   Jul   2001
        Redemption games (prizes/tickets) 5   ½     *     1   Jul   2001
        Table games (including air hockey, soccer etc) 5   ½     *     1   Jul   2001
    Billiard tables 40 1   Jan   2001
    Rides and devices (fixed or mobile):
        Chair-o-planes 15     *     1   Jan   2002
        Children's indoor soft playgrounds 5     *     1   Jan   2002
        Children's rides (designed for the carriage of children less than 8 years old) 15     *     1   Jan   2002
        Ferris wheels 25     *     1   Jan   2002
        Free falls (including giant drop and tower of terror) 25     *     1   Jan   2002
        Inflatables (including jumping castles) 5     *     1   Jan   2002
        Overhead transit devices (including chair lifts and cabin lifts) 25     *     1   Jan   2002
        Roller coasters:
            Non-powered (including corkscrew loop, looping coasters and mini roller coasters - wild cat, madmouse) 25     *     1   Jan   2002
            Powered (including tornado) 15     *     1   Jan   2002
        Round rides with or without additional motions (including merry-go-rounds) 15     *     1   Jan   2002
        Self-drive non-powered gravity rides (including toboggans and bob-sleds):
            Track 20     *     1   Jan   2002
            Vehicle 5     *     1   Jan   2002
        Self-drive powered rides (including dodgems and go-karts):
            Track 15     *     1   Jan   2002
            Vehicle 5     *     1   Jan   2002
        Simulators 10     *     1   Jan   2002
        Swinging rides (including pirate ship, spaceloop, and rainbow) 15     *     1   Jan   2002
        Trains, tracked or trackless (including tractor trains and miniature railways) 10     *     1   Jan   2002
        Water rides 20     *     1   Jan   2002
        Water slides (gravity powered) 20     *     1   Jan   2002
Bowling centres (plant and equipment):
    Bowling alleys (timber - including ball return tracks, gutters, pit signals and terminals) 13   ⅓ 1   Jan   2001
    Bowling balls 5 1   Jan   2001
    Carpets 4 1   Jan   2001
    Masking units 10 1   Jan   2001
    Pin setters and pin spotters 10 1   Jan   2001
    Other equipment 13   ⅓ 1   Jan   2001
Golf courses (miniature):
    Carpets on stairways 3 1   Jan   2001
    Lighting plant, electric motors, moving parts 20 1   Jan   2001
    Lighting standards 40 1   Jan   2001
Marina operation:
    Boat cradles 10     *     1   Jul   2002
    Boat storage racks 10     *     1   Jul   2002
    Forklifts 11     *     1   Jul   2002
    Marina - wet berths (incorporating piling, decking and floating pontoons) 20     *     1   Jul   2002
    Mooring buoys 10     *     1   Jul   2002
    Travel lifts 15     *     1   Jul   2002
Racehorses 10 1   Jan   2001
Racing cars 2 1   Jan   2001
Shuffle boards 10 1   Jan   2001
Skating rink plant:
    Fittings (open air) 20 1   Jan   2001
    General freezing plant and equipment 13   ⅓ 1   Jan   2001
    Hired ice skating boots 5 1   Jan   2001
    Roller skates 5 1   Jan   2001
    Surface (synthetic panels) 10 1   Jan   2001
Ski equipment (skis, boots and stocks for hiring to public) 3 1   Jan   2001
Ski maintenance machines 13   ⅓ 1   Jan   2001
Space theatre domes 33   ⅓ 1   Jan   2001
Tennis court surfaces:
    Bitumen 20 1   Jan   2001
    Plexipave 20 1   Jan   2001
    Synthetic lawn 10 1   Jan   2001
Trampolines 10 1   Jan   2001
Gambling activities
(92010 to 92099)
ASSET LIFE
(YEARS) 		REVIEWED DATE OF
APPLICATION
Poker/gaming machines 7     *     1   Jul   2009
Totalisators:
    Computer equipment 10 1   Jan   2001
    Ancillary equipment (eg ticket issuing machines) 13   ⅓ 1   Jan   2001

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:
  26 June 2019 Original ruling  
You are here 22 April 2020 Consolidated ruling  

Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).