Depreciation - Useful Life of Rental Property Assets
Wed, 12 Nov 2025
Here’s a summary table of common residential rental property assets and their ATO effective lives (based on Taxation Ruling TR 2022/1 and ATO guidelines):
ATO Effective Life Table – Common Rental Property Assets
|
Asset |
Effective Life (Years) |
|
Air Conditioner – Room Unit |
10 |
|
Air Conditioner – Split System |
10 |
|
Air Conditioner – Packaged Unit |
15 |
|
Ceiling Fan |
5 |
|
Carpet (removable) |
8 |
|
Floating Timber Flooring |
15 |
|
Curtains / Blinds |
6 |
|
Dishwasher |
8 |
|
Oven / Stove |
12 |
|
Rangehood |
12 |
|
Refrigerator |
14 |
|
Washing Machine |
6 |
|
Dryer |
6 |
|
Microwave Oven |
6 |
|
Hot Water System – Electric |
12 |
|
Hot Water System – Gas |
12 |
|
Smoke Detector |
10 |
|
Light Fittings (removable) |
10 |
|
Furniture (general) |
10 |
Important Notes:
- These apply to plant and equipment assets under Division 40.
- Capital works (building structure) are claimed separately at 2.5% per year over 40 years under Division 43.
- Post-2017 rules: You can only claim depreciation on new assets in residential rental properties (not second-hand items) unless the property is owned by a company or is commercial.