ATO depreciation rates for and thermal foggers) assets in the General industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
6 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Formwork, beams and props, steel | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Foundations for plant and machinery (integral to the operation of such plant and machinery, but not incorporated into the plant and machinery itself) | 40 years | 2.50% | 5.00% | 1 July 2025 |
| Hand dryers (electrical) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Hand tools (manually operated) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Portable | 6 years | 16.67% | 33.33% | 1 July 2025 |
| Vehicle mounted | 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.