ATO depreciation rates for elevating work platforms assets in the Manufacturing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
19 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Battery | 3 years | 33.33% | 66.67% | 1 July 2025 |
| Boom lifts | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Electric | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Hand tools, manual (including screw drivers, spanners, wrenches) Hand tools, powered: 1 Jul 2020 | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Hydraulic power units (including hydraulic mules) | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Industrial autoclaves | 30 years | 3.33% | 6.67% | 1 July 2025 |
| Jacks | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Maintenance work platforms | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Metal working precision machines (including automatic lathes, milling machines, jig borers) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Mobile cranes | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Nitrogen carts | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Oxygen carts | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Personnel lifts | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Racks | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Robots | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Sandblasters | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Scissor lifts | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Sheet metal machines (including benders and folders, guillotines and roll formers) | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Tow bars | 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.