ATO depreciation rates for lifting assets assets in the General industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
32 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Abrasive blasting machines (incorporating blasting pots, hoses, nozzles, valves etc) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Abrasive recovery/recycling machines and associated equipment (including storage hoppers) | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Blast booths/chambers | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Buffing machines | 3 years | 33.33% | 66.67% | 1 July 2025 |
| Collection vessels/tanks | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Dangerous goods containers | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Dust collection and ventilation systems | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Hoists | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Hydraulic presses | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Jacks (including air hydraulic jacks, hydro pneumatic jacks, floor jacks, transmission jacks, trolley jacks and truck jacks) | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Jib cranes (including column/wall mounted, floor mounted/freestanding and portable jib cranes) | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Machining centres | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Milling machines (including bed mills and universal mills) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Overhead cranes | 25 years | 4.00% | 8.00% | 1 July 2025 |
| Paint agitators | 3 years | 33.33% | 66.67% | 1 July 2025 |
| Parts washing machines | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Pick & carry cranes/yard cranes | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Pipe cutting machines | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Plasma cutters | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Portable cranes generally (including engine cranes, engine hoists, floor cranes, mobile gantries, shop cranes etc) | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Pressure cleaners/washers | 4 years | 25.00% | 50.00% | 1 July 2025 |
| Pumps | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Punch and shear machines | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Saws (including band saws and cold cut saws) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Scissor lifts | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Space heaters | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Spray booths | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Spray gun washing machines | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Stands (including axle stands, engine stands and transmission stands) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Storage assets (including racking, shelving, safety cabinets and storage cabinets) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Toolboxes and toolbox roller cabinets | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Vehicle lifters (including mobile column lifts and post hoists) | 20 years | 5.00% | 10.00% | 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.