ATO depreciation rates for concrete and formwork assets in the Construction industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
8 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Concrete demolition saws | 3 years | 33.33% | 66.67% | 1 July 2025 |
| Concrete kibble buckets | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Concrete mixers | 4 years | 25.00% | 50.00% | 1 July 2025 |
| Concrete surface preparation assets (including floor grinders, planers and scarifiers) | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Concrete vibrating screeders | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Concrete wheeled saws | 6 years | 16.67% | 33.33% | 1 July 2025 |
| Formwork, beams and props, steel | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Hoppers, skips and hoist buckets Mobile concrete pumping units 62/3 1 Jan 2001 | 10 years | 10.00% | 20.00% | 1 July 2025 |
The effective lives shown above are determined by the Commissioner of Taxation under section 40-100 of the Income Tax Assessment Act 1997. The diminishing value rate equals 200% ÷ effective life (for assets acquired on or after 10 May 2006). The prime cost rate equals 100% ÷ effective life. You may alternatively self-assess effective life — see the ATO website for guidance.