Taxation Ruling
TR 2020/3
Income tax: effective life of depreciating assets (applicable from 1 July 2020)
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Please note that the PDF version is the authorised consolidated version of this ruling and amending notices.This document has been Withdrawn.View the Withdrawal notice for this document.This Ruling, which applies from 1 July 2020, replaces TR 2019/5 (see paragraph 5 of this Ruling for further details).
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-L24N0H0
Previous Rulings/Determinations:
TR 2020/3W
TR 2014/4
TR 2015/2
TR 2016/1
TR 2017/2
TR 2018/4
TR 2019/5
Subject References:
depreciation
depreciation rate
effective life
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 2020 (No. 2)
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