Taxation Ruling

TR 2019/5

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

This version is no longer current. Please follow this link to view the current version.

  • 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).
    This document has changed over time. View its history.

P

P
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

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).