Taxation Ruling

TR 2021/3

Income tax: effective life of depreciating assets (applicable from 1 July 2021)

  • 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    This document has been Withdrawn.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 2021, replaces TR 2020/3 (see paragraph 6 of this Ruling for further details).

S

S
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 Jul 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


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