ATO depreciation rates for motor vehicles assets in the Transport, Postal And Warehousing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
9 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Buses – tourist and charter | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Buses having a gross vehicle mass of more than 3.5 tonnes Cars (motor vehicles designed to carry a load of | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Lighting systems (including apron floodlighting, runway lighting and taxiway lighting) | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Minibuses having a gross vehicle mass of 3.5 tonnes or less and designed to carry 9 or more passengers | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Motor vehicles (cars) – rental | 3 years | 33.33% | 66.67% | 1 July 2025 |
| Motor vehicles (cars) – ride sourcing/ride hailing | 3 years | 33.33% | 66.67% | 1 July 2025 |
| Taxis | 3 years | 33.33% | 66.67% | 1 July 2025 |
| Truck mounted maintenance assets (including points cleaning, sweeping and welding machines) | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Trucks having a gross vehicle mass greater than 3.5 tonnes (excluding off highway trucks used in mining operations) | 15 years | 6.67% | 13.33% | 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.