The plant and equipment ( division 40) are those items which are not classified as capital works ( division 43). These items are able to be depreciated at a much faster rate but vary between items as shown by the ATO effective life guidelines, these are items that have a shorter “wear & tear” effective life than the main building structure and as such are granted an accelerated rate of depreciation.

The capital works (division 43) is the actual main building structure part of the building and the amount of deduction is either 2.5% or 4 % depending on the age of the original construction or its use.

The following list of Plant & Equipment is not the entire list of depreciable items claimable but are the most common items found in 90% of investment properties. The effective lives are also different depending on when the assets were acquired as either before July 2004 or after.

Specific commercial property has more specialised plant and equipment / effective lives and are not included.

		Effective life before 1 July 2004	Effective life after 1 July 2004
		Years	Years
GENERAL ASSETS		10	10
Air conditioning, wall unit		10	10
Air conditioning, split system		10	10
Air conditioning, ducted		13.3	15
Carpet		10	10
Vinyl / Linoleum flooring		10	10
Floating timber floor		15	15
Rugs		7	7
Window blinds		20	10
Window curtains		6.66	6
Ceiling fans		5	5
Hotwater system, Gas		20	12
Hotwater system, Electric / Gas		20	12
Hotwater system , Solar		20	15
Vacuum cleaner ducted		10	10
Heaters, Electric / Gas		10 OR 15	15
Heaters, ducted gas		15	15
Door closers		10	10
Intercom		10	10
Security alarm		6.66	5
Smoke detectors		20	6
Fire extinguisher		13.33	15
Garage door motor		10	10
Garage door remotes		5	5
Freestanding wardrobes		13.33	13.33
Lifts		16.66	30
KITCHEN, BATHROOM & LAUNDRY ASSETS		Effective life before 1 July 2004	Effective life after 1 July 2004
		Years	Years
Stove		20	12
Electric cooktop		12	12
Gas cooktop		12	12
Oven		12	12
Rangehood		12	12
Dishwasher		10	10
Fridge / freezer		13.3	12
Microwave		6.6	10
Clothes dryer		10	10
Washing machine		6.6	10
Garbage disposal unit / Insikerator		6.6	10
Exhaust / heat lamps		10	10
Spa bath pump		20	20
Shower curtain		2	2
Heated towel rail		10	10
SHARED COMMON ASSETS		Effective life before 1 July 2004	Effective life after 1 July 2004
Lifts		16.6	30
Entry gate motor		10	10
BBQ freestanding		5	5
Intercom		10	10
Access control, entry, security		4	5
Door closers		10	10
Fire hose reels		20	10
Fire extinguishers		13.3	15
Fire indicator panel		20	12
Fire hydrant booster pump		20	25
Gym Equipment, cardiovascular		5	5
Gym Equipment, resistance		10	10
OUTDOOR ASSETS		Effective life before 1 July 2004	Effective life after 1 July 2004
		Years	Years
Entry gate motor		10	10
Swimming pool filtration equip		13.3	12
Swimming pool cleaning equip		13.3	7
Swimming pool heater, electric /gas		13.3	20
Spa pool freestanding		20	17
Sauna heating assets		15	15
Watertanks, plastic, metal, concrete		30 / 25 /15	30 / 25 /15
Pumps, water, sewer		20	20
Irrigation Controller		5	5
Garden Shed		15	15