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.

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ASSET LIFE
(YEARS) 		REVIEWED DATE OF
APPLICATION
Saws, bench and mitre, portable 7     *     1   Jul   2008
Security and monitoring assets:
    Access control systems:
        Code pads 5     *     1   Jul   2004
        Door controllers 5     *     1   Jul   2004
        Readers:
            Proximity 7     *     1   Jul   2004
            Swipe card 3     *     1   Jul   2004
    Ballistic and blast resistant screens and barriers (including fixed and rising types) not forming part of the building 20     *     1   Jul   2014
    CCTV systems:
        Cameras 4     *     1   Jul   2004
        Monitors 4     *     1   Jul   2004
        Recorders:
            Digital 4     *     1   Jul   2004
            Time lapse 2     *     1   Jul   2004
        Switching units (including multiplexers) 5     *     1   Jul   2004
    Security systems:
        Code pads 5     *     1   Jul   2004
        Control panels 5     *     1   Jul   2004
        Detectors (including glass, passive infrared and vibration) 5     *     1   Jul   2004
        Global system for mobiles (GSM) units 5     *     1   Jul   2004
        Noise maker (including alarms and bells) 5     *     1   Jul   2004
Sewing machines 10     *     1   Jan   2014
Signage for business identification (including lighting for signs) - see Table B Advertising signs
Silos:
    Bulk handling:
        Ancillary mechanical assets (including augers, bucket elevators, conveyors etc) 15     *     1   Jul   2014
        Concrete construction 50     *     1   Jan   2004
        Galvanised construction 30     *     1   Jan   2004
        Steel construction 40     *     1   Jan   2004
Solar photovoltaic electricity generation system assets 20     *     1   Jul   2011
Spas used as plant in a business (incorporating blowers, controls, filters, heaters and pumps) 17     *     1   Jul   2014
Spray booths 15     *     1   Jul   2014
Stacks (chimney stacks, exhaust stacks, flues etc):
    Concrete stacks (including concrete reinforced stacks) 30     *     1   Jul   2014
    Flare stacks 25     *     1   Jul   2014
    Reinforced plastic stacks 25     *     1   Jul   2014
    Steel stacks (steel flues) 20     *     1   Jul   2014
Suitcases 10     *     1   Jul   2013
Swimming pool assets:
    Chlorinators 12     *     1   Jul   2004
    Cleaning assets 7     *     1   Jul   2004
    Covers (including blankets) 8     *     1 Jul 2019
    Filtration assets (including pumps) 12     *     1   Jul   2004
    Heaters:
        Electric 15     *     1   Jul   2004
        Gas 15     *     1   Jul   2004
        Solar 20     *     1   Jul   2004
    Swimming pools (used as plant in a business):
        Above-ground 10     *     1   Jul   2005
        Concrete 50     *     1   Jul   2005
        Fibreglass 20     *     1   Jul   2005
Switchboards 20     *     1   Jul   2014
Synthetic lawn surfaces 5     *     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:
  26 June 2019 Original ruling  
You are here 22 April 2020 Consolidated ruling  

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