ATO depreciation rates for tree climbing assets 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 |
|---|---|---|---|---|
| Climbing hardware (including carabineers, figure of 8 and lowering pullies) | 1 years | 100.00% | 200.00% | 1 July 2025 |
| Climbing spurs | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Friction lowering devices | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Harness | 3 years | 33.33% | 66.67% | 1 July 2025 |
| Ropes | 1 years | 100.00% | 200.00% | 1 July 2025 |
| Wood chippers | 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.