Taxation Ruling
IT 2103
Addendum to Income Tax Order No. 1217 rates of depreciation
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FOI status:
May be releasedFOI number: I 1121960PREAMBLE
Since the publication of the 1979 addendum to Income Tax Order No. 1217 the following rates of depreciation have been determined in terms of sub-section 55(1) of the ITAA 1936. A revision of Income Tax Order No. 1217 will be published as soon as is practicable.
RULING
| Percentage Allowed | ||
|---|---|---|
| ---------------------------------- | ||
| New or changed Items | Prime Cost Method | Diminishing Value Method |
| -------------------------------------- | ----------------- | ----------------- |
| Amusement Machines and Equipment - | ||
| Hot air balloons | ||
| - envelope and cane basket | 33 1/3 | 50 |
| - associated equipment (inflator fan, burner unit, fuel cylinders) | 10 | 15 |
| Jet Ski - "Kawasaki" | 25 | 37 1/2 |
| Skating surface - synthetic ("Newice" panels) | 10 | 15 |
| Video | ||
| - Cassette Libraries (used for hire) | 50 | 75 |
| - Game Machines | 20 | 30 |
| Waterslide and associated equipment | 5 | 7 1/2 |
| Beds - electric | 7 1/2 | 11 1/4 |
| - hospital | 7 1/2 | 11 1/4 |
| Boats, Ships, Lighters, etc - | ||
| Mini-submarine | 7 1/2 | 11 1/4 |
| Offshore Supply Vessels | 7 1/2 | 11 1/4 |
| Bottle Washing machine | 10 | 15 |
| Building and Construction Industry - | ||
| Portable Sheds | 10 | 15 |
| Bullet Resistant Screens (not forming part of the building) | 5 | 7 1/2 |
| Cash Registers - | ||
| Programmable or multifunctional | 15 | 22 1/2 |
| Chemical Manufacturing Plant - | ||
| Organic Peroxides Explosion Cell Block | 5 | 7 1/2 |
| Colliery and Coal Mining Plant - | ||
| Dragline | 5 | 7 1/2 |
| Dragline bucket | 10 | 15 |
| Curtains and drapes (acquired after 30/06/81) | 15 | 22 1/2 |
| Electrical Machinery and Equipment - | ||
| Broadcasting equipment - | ||
| Computer Automated | 10 | 15 |
| Power Factor Control | 5 | 7 1/2 |
| Power Station Plant | 5 | 7 1/2 |
| Electric Railway | ||
| Electric Transmission Lines | 7 1/2 | 11 1/4 |
| - Supporting structures (standards etc) | ||
| Iron or steel | 2 1/2 | 3 3/4 |
| Concrete, brick or stone | 1 | 1 1/2 |
| Feeder Station (housing switchgear) | No depreciation not plant | |
| Rolling Stock - Locomotives | 7 1/2 | 11 1/4 |
| - Trucks and Wagons | 10 | 15 |
| Switch Gear | 5 | 7 1/2 |
| Track structure (Sleepers, rails, ballast, etc) | 5 | 7 1/2 |
| Bridge Works - Brick Stone or concrete | 1 | 1 1/2 |
| - Other | 3 | 4 1/2 |
| Fences - Electric | 5 | 7 1/2 |
| Fish Farming Ponds - | ||
| Earth and Clay | 5 | 7 1/2 |
| Fishing Plant - | ||
| Fish holding baskets | 10 | 15 |
| Gymnasium Equipment | 10 | 15 |
| Hospitals - beds | 7 1/2 | 11 1/4 |
| Hot Air Balloons (see Amusement Machines and Equipment) | ||
| Houses and Flats Let Furnished - Curtains and Drapes (acquired after 30/06/81) | 15 | 22 1/2 |
| Lathes - Computer controlled | 10 | 15 |
| Medical Practitioners' Plant - | ||
| Computer Assisted Tomographic Unit | 15 | 22 1/2 |
| Coronary Investigation Unit | 10 | 15 |
| Defribillator equipment | 10 | 15 |
| Hospital Beds | 7 1/2 | 11 1/4 |
| Nuclear Medicine Equipment | 15 | 22 1/2 |
| Operating Tables | 7 1/2 | 11 1/4 |
| Patient Monitoring Equipment | 10 | 15 |
| Pendants (service point in operating theatres for other equipment) | 7 1/2 | 11 1/4 |
| Radiological Equipment | 10 | 15 |
| Silver Recovery Unit | 10 | 15 |
| Ultra-Sound Unit | 10 | 15 |
| Ventilators | 10 | 15 |
| Xerography Unit | 10 | 15 |
| X-Ray Equipment - | ||
| - Associated Equipment | 10 | 15 |
| - Image Intensifier with TV Chain and Recording Unit | 15 | 22 1/2 |
| - Portable Units | 10 | 15 |
| - Processor and Daylight Loading Equipment | 10 | 15 |
| Milk Treatment Plan - | ||
| Bottling Plant - | ||
| Carton Conveyors | 10 | 15 |
| Cool Room | 5 | 7 1/2 |
| Packing Machines | 10 | 15 |
| Stacker Cranes | 10 | 15 |
| Mining Machinery and Plant - | ||
| Dragline used in Coal Mining | 5 | 7 1/2 |
| Dragline bucket | 10 | 15 |
| Shaft drilling equipment used in Oil Exploration | 20 | 30 |
| Motor Garage Equipment - | ||
| Circulating Parts Cleaner - | ||
| Pump | 25 | 37 1/2 |
| Drum | 10 | 15 |
| Oil Companies' Plant and Machinery - | ||
| Shaft drilling equipment | 20 | 30 |
| Photographer's Plant - | ||
| Automatic Film Processing Machine | 15 | 22 1/2 |
| Planetarium - | ||
| Dome | 3 | 4 1/2 |
| Primary Industries, Farmer's etc, | ||
| Plant - | ||
| Fences - | ||
| Electric | 5 | 7 1/2 |
| Peanut Blanching Plant - | ||
| Blanchers | 10 | 15 |
| Cooling Equipment (including Control Panel) | 7 1/2 | 11 1/4 |
| Elevators | 10 | 15 |
| Exhaust Fans | 5 | 7 1/2 |
| Gas Tanks and Piping | 5 | 7 1/2 |
| Pal Boxes | 33 1/3 or replacement | 50 or replacement |
| Roaster and Dryer | 10 | 15 |
| Storage Surge Bins | 5 | 7 1/2 |
| Tipping Unit | 5 | 7 1/2 |
| Tanners' Plant - | ||
| Modern Plant used in "wet" process | 7 1/2 | 11 1/4 |
| Other | 5 | 7 1/2 |
| Vegetable Processing Equipment | 7 1/2 | 11 1/4 |
| Printers' Plant and Machinery - | ||
| Graphic Arts Plant - | ||
| Colour Scanners | 10 | 15 |
| Guillotines | 10 | 15 |
| Offset Printers | 10 | 15 |
| Platemaking Apparatus | 10 | 15 |
| Roller Grills | ||
| Shops - aluminium | 7 1/2 | 11 1/4 |
| Rolling Stock | ||
| Carriages-Suburban Passenger Service | 7 1/2 | 11 1/4 |
| - Country Passenger Service | 5 | 7 1/2 |
| Locomotives-Mining and Industry | 7 1/2 | 11 1/4 |
| - Suburban Passenger Service | 7 1/2 | 11 1/4 |
| - Country Passenger Service | 5 | 7 1/2 |
| Trucks, Wagons etc - General Haulage | 10 | 15 |
| Sea Life Centre - | ||
| Fibreglass Aquarium Tanks | 5 | 7 1/2 |
| Pumps | 5 | 7 1/2 |
| T.V. Audio System | 10 | 15 |
| Ketch | 7 1/2 | 11 1/4 |
| Security Systems - | ||
| Bullet Resistant Screens (not forming part of the building) | 5 | 7 1/2 |
| Slot Machines - | ||
| Video Game Machines | 20 | 30 |
| Space Theatre - | ||
| Dome | 3 | 4 1/2 |
| Submarine - Mini | 7 1/2 | 11 1/4 |
| Swimming Pools - | ||
| Concrete | 2 | 3 |
| Fibreglass | 5 | 7 1/2 |
| Filtration Equipment | 7 1/2 | 11 1/4 |
| Other Equipment | 7 1/2 | 11 1/4 |
| Synthetic Lawn Surface | 10 | 15 |
| Tanners' Plant - | ||
| Modern plant used in "wet" process | 7 1/2 | 11 1/4 |
| Telephone Installations owned by Taxpayers - | ||
| Computerised PABX Equipment | 5 | 7 1/2 |
| Tennis Court Equipment | ||
| Plexipave Surfacing | 5 | 7 1/2 |
| Synthetic Lawn Surfacing | 10 | 15 |
| Video - | ||
| Cassette Libraries (used for hire) | 50 | 75 |
| Game Machines | 20 | 30 |
| Recorders (used for hire) | 15 | 22 1/2 |
| Other | 10 | 15 |
| Waterslide and Associated Equipment | 5 | 7 1/2 |
| Welding Plant - | ||
| Automatic, used at sea on construction of a submarine pipeline | 10 | 15 |
| X-Ray and High Frequency Current Plant - | ||
| Image Intensifier with T.V. Chain and Recording Unit | 15 | 22 1/2 |
| Associated Equipment | 10 | 15 |
| Portable Units | 10 | 15 |
| Processor and Daylight Loading Equipment | 10 | 15 |
COMMISSIONER OF TAXATION
10 September 1984
References
ATO references:
NO J63/282/4 P1
Subject References:
DEPRECIATION
Legislative References:
55