Taxation Ruling

TR 2019/5

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

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    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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C

C
ASSET LIFE
(YEARS) 		REVIEWED DATE OF
APPLICATION
Car park assets:
    Automatic and semi-automatic parking systems (including platforms, stackers, turntables etc) 20     *     1   Jul   2016
    Automatic payment machines/stations 10     *     1   Jul   2016
    Barrier gates/boom gates - see Table B Boom gates
    Car park floodlighting 20     *     1   Jul   2016
    Car park signage 7     *     1   Jul   2016
    Entry and exit stations/columns (including RFID card readers, ticket dispensing machines, ticket readers etc) 10     *     1   Jul   2016
    Licence plate recognition cameras and systems 5     *     1   Jul   2016
    Parking guidance assets:
        Automatic vehicle counter systems (incorporating counter modules and signage) 7     *     1   Jul   2016
        Parking guidance systems (incorporating controllers, detectors, dynamic signage, lighting etc) 7     *     1   Jul   2016
    Pay and display machines/Pay and go machines 8     *     1   Jul   2016
    Security and monitoring assets:
        Generally (including CCTV systems) - see Table B Security and monitoring assets
        Intercommunication (intercom) system assets 7     *     1   Jul   2016
        Two-way radios - see Table B Two-way radios
Ceiling fans 10     *     1   Jul   2016
Cleaning carts and trolleys 5     *     1 Jul 2019
Compaction assets:
    Compactors - flat plate 8     *     1   Jul   2008
    Compactors - vertical rammer 6     *     1   Jul   2008
Computers and computer equipment:
    Computers and computer equipment (not specified elsewhere below) 4     *     1   Jul   2016
    Computer monitors 4     *     1   Jul   2016
    Desktop computers (including personal computers) 4     *     1   Jul   2016
    Mainframe computers 5     *     1   Jul   2016
    Mobile/portable computers (including laptops, tablets) 2     *     1   Jul   2016
    Network equipment (including hubs, modems routers, switches, etc) 5     *     1   Jul   2016
    Raised floors 25     *     1   Jul   2017
    Servers 4     *     1   Jul   2016
Concrete truck mixers (incorporating barrel, chutes, frame and hydraulic pumps) 5     *     1   Jul   2014
Concreting assets:
    Brick and paving saws 5     *     1   Jul   2008
    Concrete demolition saws 3     *     1   Jul   2008
    Concrete kibble buckets 15     *     1   Jul   2008
    Concrete mixers 4     *     1   Jul   2008
    Concrete surface preparation assets (including floor grinders, planers and scarifers) 5     *     1   Jul   2008
    Concrete trowels:
        Walk behind 5     *     1   Jul   2008
        Ride on 7     *     1   Jul   2008
    Concrete vibrating screeders 5     *     1   Jul   2008
    Concrete vibrators:
        Brushcutter style 5     *     1   Jul   2008
        Drive units 6     *     1   Jul   2008
        Flexible shaft pumps 6     *     1   Jul   2008
        Vibrating shafts 3     *     1   Jul   2008
    Concrete wheeled saws 6     *     1   Jul   2008
Control systems and control system assets (including control cabinets and panels, instruments, programmable logic controllers (PLCs), sensors, switchgear telemetry and variable speed drives VSDs)) 10     *     1   Jul   2015
Cranes (gantry and overhead) 25     *     1   Jul   2014
Curtains and drapes 6     *     1   Jul   2004

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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