ATO depreciation rates for cylinder filling assets assets in the Manufacturing 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 |
|---|---|---|---|---|
| Acetylene gas | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Cylinder frames (incorporating manifolds and piping) | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Cylinder valves | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Flasks | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Gas cylinders | 30 years | 3.33% | 6.67% | 1 July 2025 |
| Other gases | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Other liquid gas cylinders | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Water cooling system for acetylene cylinders (incorporating piping and spray nozzles) | 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.