ATO depreciation rates for skin pass mill assets assets in the Manufacturing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
4 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Laser systems mill entry | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Skin pass mills (incorporating mill entry assets, gap control and auxiliary hydraulics, main drive motors, payoff reel, un-coiler mandrels and re-coiler mandrels) | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Slab tracking systems | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Strapping machines (including radial and circumferential) | 13 years | 7.69% | 15.38% | 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.