ATO depreciation rates for free weight training assets assets in the General industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
3 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Barbells, dumbbells, kettle bells, weight plates and storage racks | 6 years | 16.67% | 33.33% | 1 July 2025 |
| Benches (including abdominal crunch, adjustable, declined, inclined and flat benches) | 8 years | 12.50% | 25.00% | 1 July 2025 |
| Resistance training machines (including abdomen, arm, back, chest, hip, leg, shoulder and multiple training machines) | 8 years | 12.50% | 25.00% | 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.