MCG QUANTITY SURVEYORS BLOG

ATO Tax Depreciation Effective Lives – Depreciation Rates for 2013/2014 under Tax Ruling 2013/2014

*Note – These effective lives are now covered by TR 2015/2, but are unchanged. The best up to date list is here http://www.mcgqs.com.au/ato-effective-lives-2015-2016-depreciation-rates.html

We’re frequently fielding questions about the specific effective lives for residential property, so we’ve decided to post the current effective lives here. These effective lives are current at the time of posting, and come from Tax Ruling 2013/2014 (TR 2013/4). This legislation replaced TR 2012/2 and applies from the 1st of July 2013 to the present. We expect there to be an update to this ruling prior to the start of the next financial year. However, the residential list is not as dynamic as the commercial one. Consequently, we don’t expect too many changes but will keep you updated nonetheless. Most of these effective lives are unchanged from 2003/2004.

As a reminder, for all property purchased after the 10th of May 2006, the diminishing value rate will be 200 divided by the effective life, and the prime cost method rate is 100 divided by the effective life. More information on that calculation is available here.

Residential property operators

(67110)

ASSET

LIFE   (YEARS) REVIEWED DATE OF APPLICATION
Assets generally:
Air conditioning assets (excluding ducting, pipes   and vents):
Air   handling units

20

*

1   Jul 2003
Chillers:
Absorption

25

*

1 Jul 2003
Centrifugal

20

*

1   Jul 2003
Volumetrics   (including reciprocating, rotary, screw, scroll):
Air-cooled

15

*

1   Jul 2003
Water-cooled

20

*

1   Jul 2003
Condensing   sets

15

*

1   Jul 2003
Cooling   towers

15

*

1   Jul 2003
Damper   motors (including variable air volume box controller)

10

*

1   Jul 2003
Fan   coil units (connected to condensing set)

15

*

1   Jul 2003
Mini   split systems up to 20KW (including ceiling, floor and high wall split   system)

10

*

1   Jul 2003
Packaged   air conditioning units

15

*

1   Jul 2003
Pumps

20

*

1   Jul 2003
Room   units

10

*

1   Jul 2003
Ceiling   fans

5

*

1   Jul 2004
Clocks,   electric

10

*

1   Jul 2004
Digital   video display (DVD) players

5

*

1   Jul 2004
Door   closers

10

*

1   Jul 2004
Door   stops, freestanding

10

*

1   Jul 2004
Escalators   (machinery and moving parts)

20

*

1   Jan 2003
Evaporative   coolers:
Fixed   (excluding ducting and vents)

20

*

1   Jul 2005
Portable

10

*

1   Jul 2005
Floor   coverings (removable without damage):
Carpet

10

1   Jan 2001
Floating   timber

15

*

1   Jul 2004
Linoleum

10

1   Jan 2001
Vinyl

10

1   Jan 2001
Furniture,   freestanding

131/3

1   Jan 2001
Garbage   bins

10

*

1   Jul 2004
Garbage   compacting systems (excluding chutes)

62/3

1   Jan 2001
Generators

20

1   Jan 2001
Gym   assets:
Cardiovascular

5

*

1   Jul 2004
Resistance

10

*

1   Jul 2004
Hand   dryers, electrical

10

1   Jan 2001
Heaters:
Fixed:
Electric

15

*

1   Jul 2004
Gas:
Ducted   central heating unit

20

*

1   Jul 2004
Freestanding

15

*

1   Jul 2004
Hot   water systems (excluding piping):
Electric

12

*

1   Jul 2004
Gas

12

*

1   Jul 2004
Solar

15

*

1   Jul 2004
Intercom   system assets

10

*

1   Jul 2004
Lifts   (including hydraulic and traction lifts)

30

*

1   Jan 2003
Lights:
Fittings   (excluding hardwired)

5

*

1   Jul 2004
Freestanding

5

*

1   Jul 2004
Shades,   removable

5

*

1   Jul 2004
Linen

5

*

1   Jul 2004
Master   antenna television (MATV) assets:
Amplifiers

10

*

1   Jul 2004
Modulators

10

*

1   Jul 2004
Power   sources

10

*

1   Jul 2004
Mirrors,   freestanding

15

*

1   Jul 2004
Radios

10

1   Jan 2001
Rugs

7

*

1   Jul 2004
Solar   power generating system assets

20

*

1   Jul 2004
Stereo   systems (incorporating amplifiers, cassette players, compact disc players,   radios and speakers)

7

*

1   Jul 2004
Surround   sound systems (incorporating audio-video receivers and speakers)

10

*

1   Jul 2004
Telecommunications   assets:
Cordless   phones

4

*

1   Jul 2004
PABX   computerised assets

10

*

1   Jul 2004
Telephone   hand sets

10

*

1   Jul 2004
Television   antennas, freestanding

5

*

1   Jul 2004
Television   sets

10

*

1   Jul 2004
Vacuum   cleaners:
Ducted:
Hoses

10

*

1   Jul 2004
Motors

10

*

1   Jul 2004
Wands

10

*

1   Jul 2004
Portable

10

1   Jan 2001
Ventilation   fans

20

*

1   Jul 2004
Video   cassette recorder systems (VCR)

5

*

1   Jul 2004
Water   pumps

20

1   Jan 2001
Window   blinds, internal

10

*

1   Jul 2004
Window   curtains

6

*

1   Jul 2004
Window   shutters, automatic:
Controls

10

*

1   Jul 2004
Motors

10

*

1   Jul 2004
Bathroom   assets:
Accessories,   freestanding (including shower caddies, soap holders, toilet brushes)

5

*

1   Jul 2004
Exhaust   fans (including light/heating)

10

*

1   Jul 2004
Heated   towel rails, electric

10

*

1   Jul 2004
Shower   curtains (excluding curtain rods and screens)

2

*

1   Jul 2004
Spa   bath pumps

20

*

1   Jul 2004
Fire   control assets:
Alarms:
Heat

6

*

1   Jul 2004
Smoke

6

*

1   Jul 2004
Detection   and alarm systems:
Alarm   bells

12

*

1   Jul 2004
Detectors   (including addressable manual call points, heat, multi type and smoke)

20

*

1   Jul 2004
Fire   indicator panels

12

*

1   Jul 2004
Emergency   warning and intercommunication systems (EWIS):
Master   emergency control panels

12

*

1   Jul 2004
Speakers

12

*

1   Jul 2004
Strobe   lights

12

*

1   Jul 2004
Warden   intercom phone

12

*

1   Jul 2004
Extinguishers

15

*

1   Jul 2004
Hoses   and nozzles

10

*

1   Jul 2004
Pumps   (including diesel and electric)

25

*

1   Jul 2004
Stair   pressurisation assets:
A   C variable speed drives

10

*

1   Jul 2004
Pressurisation   and extraction fans

25

*

1   Jul 2004
Sensors

10

*

1   Jul 2004
Kitchen   assets:
Cook   tops

12

*

1   Jul 2004
Crockery

5

*

1   Jul 2004
Cutlery

5

*

1   Jul 2004
Dishwashers

10

*

1   Jul 2004
Freezers

12

*

1   Jul 2004
Garbage   disposal units

10

*

1   Jul 2004
Microwave   ovens

10

*

1   Jul 2004
Ovens

12

*

1   Jul 2004
Range   hoods

12

*

1   Jul 2004
Refrigerators

12

*

1   Jul 2004
Stoves

12

*

1   Jul 2004
Water   filters, electrical

15

*

1   Jul 2004
Laundry   assets:
Clothes   dryers

10

*

1   Jul 2004
Ironing   boards, freestanding

7

*

1   Jul 2004
Irons

5

*

1   Jul 2004
Washing   machines

10

*

1   Jul 2004
Outdoor   assets:
Automatic   garage doors:
Controls

5

*

1   Jul 2004
Motors

10

*

1   Jul 2004
Barbecue   assets:
Fixed   barbecue assets:
Sliding   trays and cookers

10

*

1   Jul 2004
Freestanding   barbecues

5

*

1   Jul 2004
Floor   carpet (including artificial grass and matting)

5

*

1   Jul 2004
Furniture,   freestanding

5

*

1   Jul 2004
Gardening   watering installations:
Control   panels

5

*

1   Jul 2004
Pumps

5

*

1   Jul 2004
Timing   devices

5

*

1   Jul 2004
Garden   lights, solar

8

*

1   Jul 2004
Garden   sheds, freestanding

15

*

1   Jul 2004
Gates,   electrical:
Controls

5

*

1   Jul 2004
Motors

10

*

1   Jul 2004
Operable   pergola louvres:
Controls

15

*

1   Jul 2004
Motors

15

*

1   Jul 2004
Sauna   heating assets

15

*

1   Jul 2004
Sewage   treatment assets:
Controls

8

*

1   Jul 2004
Motors

8

*

1   Jul 2004
Spas:
Fixed   spa assets:
Chlorinators

12

*

1   Jul 2004
Filtration   assets (including pumps)

12

*

1   Jul 2004
Heaters   (electric or gas)

15

*

1   Jul 2004
Freestanding   spas (incorporating blowers, controls, filters, heaters and pumps)

17

*

1   Jul 2004
Swimming   pool assets:
Chlorinators

12

*

1   Jul 2004
Cleaning   assets

7

*

1   Jul 2004
Filtration   assets (including pumps)

12

*

1   Jul 2004
Heaters:
Electric

15

*

1   Jul 2004
Gas

15

*

1   Jul 2004
Solar

20

*

1   Jul 2004
Tennis   court assets:
Cleaners

3

*

1   Jul 2004
Drag   brooms

3

*

1   Jul 2004
Nets

5

*

1   Jul 2004
Rollers

3

*

1   Jul 2004
Umpire   chairs

15

*

1   Jul 2004
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
Closed   circuit television 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 multiplexes)

5

*

1   Jul 2004
Security   systems:
Code   pads

5

*

1   Jul 2004
Control   panels

5

*

1   Jul 2004
Detectors   (including passive infra-red, photo sensors and vibration)

5

*

1   Jul 2004
Global   System for Mobiles (GSM) Units

5

*

1   Jul 2004
Noise   makers (including bells and sirens)

5

*

1   Jul 2004