Taxation Ruling
TR 2022/1
Income tax: effective life of depreciating assets (applicable from 1 July 2022)
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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).
Accommodation and food services - (44000 to 45302)
|
ACCOMMODATION AND FOOD SERVICES
(44000 to 45302) |
|
Accommodation
(44000) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Accommodation providers using assets not listed here may rely on determinations shown for Residential property operators (67110) | |||
| Accommodation providers who operate a pub, tavern, bar, cafe, restaurant or club within their premises should use the effective life determinations shown for cafes, restaurants, takeaway food services, pubs, taverns, bars and clubs (hospitality) (45110 to 45302) for assets used in that business | |||
| Audio visual entertainment assets (including those used in conference and function rooms (including amplifier, audio speaker, digital disc player, microphone, television sets, turntable, video projection equipment)) | 5 | * | 1 Jul 2005 |
| Carpets | 7 | * | 1 Jul 2005 |
| Door controls and motor drive systems for automatic sliding doors and revolving doors (incorporating chains, controls, motors and sensors, but excluding doors) | 10 | * | 1 Jul 2005 |
| Furniture, freestanding: | |||
| Generally (including guestrooms) | 7 | * | 1 Jul 2005 |
| Outdoor | 5 | * | 1 Jul 2005 |
| Garage doors, electric (excluding doors): | |||
| Controls and motors | 5 | * | 1 Jul 2005 |
| Gates, electric (excluding gates): | |||
| Controls and motors | 5 | * | 1 Jul 2005 |
| Guestroom assets: | |||
| Bathroom assets: | |||
| Accessories, freestanding (including sanitary assets, shower caddies, soap holders and toilet brushes) | 1 | * | 1 Jul 2005 |
| Hair dryers | 3 | * | 1 Jul 2005 |
| Heated towel rails, electric | 5 | * | 1 Jul 2005 |
| Scales | 5 | * | 1 Jul 2005 |
| Spa bath pumps | 7 | * | 1 Jul 2005 |
| Towels | 1 | * | 1 Jul 2005 |
| Bedding (including mattress protectors, pillows and sheets) | 2 | * | 1 Jul 2005 |
| Bed mattresses | 7 | * | 1 Jul 2005 |
| Beds: | |||
| Generally (including ensembles) | 7 | * | 1 Jul 2005 |
| Foldout and rollaway beds (excluding sofas) | 3 | * | 1 Jul 2005 |
| Bed spreads, blankets and quilts | 5 | * | 1 Jul 2005 |
| Clocks and clock radios | 5 | * | 1 Jul 2005 |
| Kitchen assets: | |||
| Bar refrigerators | 10 | * | 1 Jul 2005 |
| Cooking utensils (including electric jugs, kettles, pans, pots and toasters, but excluding portable cook tops and ovens) | 2 | * | 1 Jul 2005 |
| Crockery and cutlery | 4 | * | 1 Jul 2005 |
| Glassware | 2 | * | 1 Jul 2005 |
| Microwave ovens | 5 | * | 1 Jul 2005 |
| Laundry assets in guestrooms: | |||
| Clothes dryers | 7 | * | 1 Jul 2005 |
| Irons and ironing boards | 3 | * | 1 Jul 2005 |
| Washing machines | 7 | * | 1 Jul 2005 |
| Window blinds and curtains | 6 | * | 1 Jul 2005 |
| Hot water systems (excluding commercial boilers and piping) | 10 | * | 1 Jul 2005 |
| Housekeeping assets (including bins, buckets, floor signs and toilet brushes) | 1 | * | 1 Jul 2005 |
| Laundry assets used by hotel/motel operators: | |||
| Dryers | 10 | * | 1 Jul 2005 |
| Linen bins | 15 | * | 1 Jul 2005 |
| Pressers | 15 | * | 1 Jul 2005 |
| Roller irons | 20 | * | 1 Jul 2005 |
| Washing machines | 10 | * | 1 Jul 2005 |
| Public address and paging system assets (including amplifiers, audio speakers and microphones) | 10 | * | 1 Jul 2005 |
| Sauna heating assets | 10 | * | 1 Jul 2005 |
| Swimming pools and spas: | |||
| Chlorinators | 8 | * | 1 Jul 2005 |
| Filtration assets (including pumps) | 8 | * | 1 Jul 2005 |
| Heaters | 10 | * | 1 Jul 2005 |
| Trolleys | 10 | * | 1 Jul 2005 |
| Vacuum cleaners | 3 | * | 1 Jul 2005 |
| Water pumps used to deliver water to residences above ground level | 10 | * | 1 Jul 2005 |
|
Cafes, restaurants, takeaway food services, pubs, taverns, bars and clubs (hospitality)
(45110 to 45302) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Audio visual entertainment assets (including amplifiers, audio speakers, digital disc players, microphones, television sets, turntables and video projection equipment) | 5 | * | 1 Jul 2005 |
| Bars, freestanding (including drink service counters and wet bars) | 15 | * | 1 Jul 2005 |
| Beer dispensing system assets (including, tanks, taps tubes and valves) | 15 | * | 1 Jul 2005 |
| Coffee making machines (including espresso and drip filter type machines) | 5 | * | 1 Jul 2005 |
| Counters for customer service, freestanding | 15 | * | 1 Jul 2005 |
| Dance floor assets, freestanding (including wooden surface, fog and smoke machines, strobe lights and disco balls) | 5 | * | 1 Jul 2005 |
| Dishwasher machines | 8 | * | 1 Jul 2005 |
| Drink blenders | 3 | * | 1 Jul 2005 |
| Drink dispensing machines (including hot water urns, post mix dispensers, refrigerated and frozen drink dispensers and dairy dispensers, but excluding beer dispensing systems) | 10 | * | 1 Jul 2005 |
| Electronic spirits dispensers | 5 | * | 1 Jul 2005 |
| Floor coverings, removable without damage: | |||
| Carpet | 5 | * | 1 Jul 2005 |
| Rubber safety mats | 5 | * | 1 Jul 2005 |
| Food preparation and service assets: | |||
| Bench top appliances - small portable type (including blenders, food processors, grills, rice cookers and toasters) | 3 | * | 1 Jul 2005 |
| Cooking appliances, large commercial type (including cook tops, deep fryers, grills, kebab machines, ovens and salamanders) | 10 | * | 1 Jul 2005 |
| Cookware, handheld (including frypans, pans, pots, trays and woks) | 2 | * | 1 Jul 2005 |
| Crockery, cutlery and glassware | 1 | * | 1 Jul 2005 |
| Hot food display assets (including bain marie) | 10 | * | 1 Jul 2005 |
| Microwave ovens | 5 | * | 1 Jul 2005 |
| Preparation benches, freestanding | 20 | * | 1 Jul 2005 |
| Wok burners, large commercial type | 8 | * | 1 Jul 2005 |
| Furniture, freestanding, for customer use: | |||
| In drinking areas of pubs, bars, clubs | 5 | * | 1 Jul 2005 |
| In dining areas | 8 | * | 1 Jul 2005 |
| Furniture, not freestanding: | |||
| Chairs and tables fixed to ground or building | 20 | * | 1 Jul 2005 |
| Glassware | 1 | * | 1 Jul 2005 |
| Glass washer machines | 5 | * | 1 Jul 2005 |
| Kitchen exhaust fans | 5 | * | 1 Jul 2005 |
| Menu boards | 5 | * | 1 Jul 2005 |
| Plastic safety screens (including sneeze guards) | 2 | * | 1 Jul 2022 |
| Poker/gaming assets - see Table A Casino operations (92010) | |||
| Refrigeration assets: | |||
| Generally (including blast chillers, condensers, evaporators, refrigeration cabinets, standalone freezers and standalone refrigerators) | 10 | * | 1 Jul 2014 |
| Ice making machines | 8 | * | 1 Jul 2014 |
| Insulation panels used in cool or freezer rooms | 40 | * | 1 Jul 2014 |
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
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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