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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ASSET LIFE
(YEARS) 		REVIEWED DATE OF
APPLICATION
Packaging machines:
    Bagging machines (including flow wrappers, form fill and seal machines, and roll wrapping machines) 10     *     1   Jul   2009
    Bag sewers 7     *     1   Jul   2017
    Carton erecting, packing and closing machines (including cartoners) 10     *     1   Jul   2009
    Case erecting, packing and closing machines (including casepackers) 10     *     1   Jul   2009
    Inspection equipment (including checkweighers, metal detectors, counting machines etc) 10     *     1   Jul   2009
    Multihead and singlehead weighers 10     *     1   Jul   2009
    Palletisers and depalletisers 12     *     1   Jul   2009
    Product identification labellers (including decorating, applicators and coding machines) 8     *     1   Jul   2009
    Robotic pick and place packaging machines 10     *     1   Jul   2009
    Wrapping machines (including pallet wrappers, shrink wrappers, stretch wrappers and strapping machines) 10     *     1   Jul   2017
Partitions (demountable) 20     *     1   Jul   2005
Platform scales 15     *     1   Jul   2014
Plumbing fixtures and fittings (including wall and floor tiles) provided mainly for employees and/or children of employees of an entity carrying on a business for the purpose of producing assessable income:
    Floor and wall tiles 20     *     1   Jul   2015
    Generally (including basins, bidets, sinks, toilets, urinals etc) 20     *     1   Jul   2015
    Tapware (including taps, mixers and shower heads and assemblies) 15     *     1   Jul   2015
Pneumatic air tube systems 10     *     1   Jul   2013
Point of sale assets:
    Cash registers, standalone type 10     *     1   Jul   2005
    Cash transfer system assets, pneumatic type (including printer circuit board, transfer pipes and turbines) 10     *     1   Jul   2005
    Generally (including barcode scanners, cash drawers, dedicated computers, electronic funds transfer point of sale (EFTPOS) machines, keyboards, monitors, printers and terminals) 6     *     1   Jul   2005
    Weighing machines and scales (including weigh labelling machines) 10     *     1   Jul   2005
Portable structures (sheds, site office trailers, portable toilets and washrooms etc) used for a temporary period in offsite locations (eg construction sites) 15     *     1   Jul   2014
Powder coating machines and systems (automatic and manual) 10     *     1   Jul   2014
Power regulation systems (PRS) 5     *     1   Jul   2016
Power supply assets:
    Emergency or standby:
        Generator assets:
            Acoustic hoods and canopies 20     *     1   Jul   2005
            Generators (incorporating attached engine management and generator monitoring instruments) 25     *     1   Jul   2005
            Power management units 15     *     1   Jul   2005
        Uninterruptible power supply (UPS) systems 15     *     1   Jul   2013
    Generators, portable (incorporating attached engine management and generator monitoring instruments):
        Diesel 10     *     1   Jul   2008
        Petrol 5     *     1   Jul   2008
    Private electricity line assets (where used for a specified purpose [58] ):
        Distribution lines:
            Combination of overhead and underground 47   ½     *     1   Jul   2014
            Overhead (incorporating poles - concrete, wood, steel or stobie - and electrical equipment the responsibility of the private landholder such as conductors, cross arms etc) 45     *     1   Jul   2014
            Underground (incorporating cables, fittings and ground pad mounted transformers) 50     *     1   Jul   2014
        Service cables, overhead 40     *     1   Jul   2014
        Service cables, underground 50     *     1   Jul   2014
    Storage batteries 15     *     1   Jul   2013
Power tools:
    Chain saws 3     *     1   Jul   2008
    Hand tools:
        Air 5     *     1   Jul   2008
        Battery 3     *     1   Jul   2008
        Electric 5     *     1   Jul   2008
    Jack hammers:
        Air 7     *     1   Jul   2008
        Electric 3     *     1   Jul   2008
    Nail guns - air 3     *     1   Jul   2008
Power transformers 45     *     1   Jan   2002
Public address and paging system assets (including amplifiers, audio speakers and microphones) 12     *     1   Jul   2005

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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