ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
RENTAL, HIRING AND REAL ESTATE SERVICES:
Residential property operators:
Assets generally:
Air conditioning assets (excluding ducting, pipes and vents):
Mini split systems up to 20KW (including ceiling, floor and high wall split system)10 years20.00%10.00%1 Jul 2003
Ceiling fans5 years40.00%20.00%1 Jul 2004
HEALTH CARE AND SOCIAL ASSISTANCE:
Retirement village and accommodation for the aged operation:
Assistance and medical assets:
Hoists:
Ceiling (incorporating tracks)12 years16.67%8.33%1 Jul 2019
OTHER SERVICES:
Automotive body, paint and interior repair n.e.c.:
Car wash and detailing assets:
Hand and self serve car wash assets:
Ceiling and wall booms10 years20.00%10.00%1 Jul 2009
Table B
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
Air-conditioning assets (excluding pipes, duct work and vents):
Mini split systems up to 20KW (including ceiling, floor and high wall split systems)10 years20.00%10.00%1 Jul 2003
Ceiling fans10 years20.00%10.00%1 Jul 2016

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Source: TR 2022/1