Taxation Ruling

TR 2022/1

Income tax: effective life of depreciating assets (applicable from 1 July 2022)

  • Please note that the PDF version is the authorised version of this ruling.
    This Ruling, which applies from 1 July 2022, replaces TR 2021/3 (see paragraph 6 of this Ruling for further details).

Construction - (30110 to 32990)

CONSTRUCTION
(30110 to 32990)
ASSET LIFE
(YEARS) 		REVIEWED DATE OF
APPLICATION
Air compressors:
    Compressors - reciprocating 7     *     1 Jul 2008
    Compressors - rotary screw 10     *     1 Jul 2008
Backhoe loaders 9     *     1 Jul 2002
Bending machines (bar, angle or rod) 10     *     1 Jul 2008
Block and brick elevators (portable) 10     *     1 Jul 2008
Chain blocks, rod shears, jacks etc 13   ⅓ 1 Jan 2001
Compaction:
    Compactors - flat plate 8     *     1 Jul 2008
    Compactors - vertical rammer 6     *     1 Jul 2008
Concreting assets:
    Brick and paving saws 5     *     1 Jul 2008
    Buggies or dumpers (motorised) 5 1 Jan 2001
    Concrete demolition saws 3     *     1 Jul 2008
    Concrete kibble buckets 15     *     1 Jul 2008
    Concrete mixers 4     *     1 Jul 2008
    Concrete surface preparation assets (including floor grinders, planers and scarifiers) 5     *     1 Jul 2008
    Concrete trowels:
        Ride on 7     *     1 Jul 2008
        Walk behind 5     *     1 Jul 2008
    Concrete vibrating screeders 5     *     1 Jul 2008
    Concrete vibrators:
        Brushcutter style 5     *     1 Jul 2008
        Drive units 6     *     1 Jul 2008
        Flexible shaft pumps 6     *     1 Jul 2008
        Vibrating shaft 3     *     1 Jul 2008
    Concrete wheeled saws 6     *     1 Jul 2008
    Hoppers, skips and hoist buckets 10 1 Jan 2001
    Mobile concrete pumping units 6   ⅔ 1 Jan 2001
Cranes (mobile):
    Light and medium 15     *     1 Jul 2002
    Heavy (over 15.24 tonnes lift) 20     *     1 Jul 2002
    Tower and hoists 10 1 Jan 2001
Dozers/front end loaders 9     *     1 Jul 2002
Forklifts 11     *     1 Jul 2002
Formwork, beams and props, steel 10     *     1 Jul 2008
Hydraulic excavators 10     *     1 Jul 2002
Lift slab assets (incorporating spreader bars, clutches, pulleys and cables) 5     *     1 Jul 2008
Mini excavators 8     *     1 Jul 2002
Motor graders 10     *     1 Jul 2002
Pavers 12     *     1 Jul 2002
Power supply assets:
    Generators, portable (incorporating attached engine management and generator monitoring instruments):
        Diesel 10     *     1 Jul 2008
        Petrol 5     *     1 Jul 2008
Power tools:
    Chainsaws (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
Profilers 10     *     1 Jul 2002
Pumps 10 1 Jan 2001
Road rollers 15     *     1 Jul 2002
Saws, bench and mitre, portable 7     *     1 Jul 2008
Scrapers 8     *     1 Jul 2002
Skid steer loaders 7     *     1 Jul 2002
Stabiliser recyclers 12     *     1 Jul 2002
Surveying assets (including levels) - see Table A Surveying and mapping services (69220)
Telescopic handlers 10     *     1 Jul 2002
Tool carriers 10     *     1 Jul 2002
Track loaders 9     *     1 Jul 2002
Traffic management assets (use the relevant lives given under Table A Rental and hiring services (except real estate) (66110 to 66400), whether or not the assets are in fact hired or leased)
Welders:
    Diesel 10     *     1 Jul 2008
    Electric 5     *     1 Jul 2008
Wheel loaders 8     *     1 Jul 2002
Winches 13   ⅓ 1 Jan 2001
Other heavy and civil engineering construction
(31099)
ASSET LIFE
(YEARS) 		REVIEWED DATE OF
APPLICATION
Automatic welding machines (used at sea in construction of submarine pipelines) 10 1 Jan 2001

References

ATO references:
NO 1-SY3H7A0

Previous Rulings/Determinations:
TR 2017/2
TR 2018/4
TR 2019/5
TR 2020/3
TR 2021/3

ISSN: 2205-6122

Subject References:
depreciation
depreciation rate
effective life

Business Line:  PGI

Legislative References:
ITAA 1997 Div 40
ITAA 1997 40-25
ITAA 1997 40-25(7)
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 40-102(5)
ITAA 1997 40-105
ITAA 1997 40-110
ITAA 1997 40-345(2)
IT(TP)A 1997 Subdiv 40-BB

Other References:
Income Tax (Effective Life of Depreciating Assets) Amendment Determination (No 1) 2022

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