ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
AGRICULTURE, FORESTRY AND FISHING:
Fruit and tree nut growing:
Coffee, olive and tree nut growing assets:
Pruning assets:
Pneumatic pruners:
Hand tools5 years40.00%20.00%1 Jul 2007
Fruit growing assets:
Pruning assets:
Pneumatic pruners:
Hand tools5 years40.00%20.00%1 Jul 2008
MINING:
Surface mobile mining machines:
Tool carriers10 years20.00%10.00%1 Jul 2002
Mineral exploration services:
Exploration assets:
Geophysical survey assets:
Down hole geophysical assets (including acoustic televiewers, callipers, density tools, dipmeters, draw works, neutron probes, sonic probes, receiver/transmitter modules and sondes):
Portable assets5 years40.00%20.00%1 Jan 2007
Vehicle integrated assets8 years25.00%12.50%1 Jan 2007
Other mining support services:
Gas and oil mining support services (excluding offshore services):
Drilling assets:
Bottom hole assemblies (including logging while drilling tools, measuring while drilling tools, motors and stabilisers)5 years40.00%20.00%1 Jul 2018
Downhole fishing and remedial tools (including casing swages, junk magnets and milling tools)5 years40.00%20.00%1 Jul 2018
MANUFACTURING:
Non-ferrous metal casting:
Metal casting assets (non-ferrous e.g. aluminium, brass and magnesium):
Die tools (moulds used for casting)4 years50.00%25.00%1 Jan 2004
Machining/finishing assets:
Trim tools used in trim press machines4 years50.00%25.00%1 Jan 2004
Boiler, tank and other heavy gauge metal container manufacturing:
Sheet metal tanks manufacturing assets:
Hand tools5 years40.00%20.00%1 Jul 2012
Motor vehicle manufacturing:
Bus and truck manufacturing assets (including bus vehicle body assembling assets and truck body manufacturing assets):
Assembly and body shop assets:
Power tool and rivet gun power packs and rigs15 years13.33%6.67%1 Jul 2011
Power tools:
Nut runners (including cables and controllers)7 years28.57%14.29%1 Jul 2011
Others (including angle grinders, fastening tools, hand operated saws, rivet guns etc) - see Table B Power tools, hand tools
Metal stamping and blanking assets:
Inspection and measuring assets (including accelerometers, accuracy measurement tools, desktop friction and wear testers, dualscopes and measuring and evaluation machines generally)10 years20.00%10.00%1 Jul 2012
Maintenance workshop and tool room assets:
Benches and cutting tables (including magnetic field benches, marking out tables, welding benches etc)15 years13.33%6.67%1 Jul 2012
Cutting machines (including gas cutters and plasma cutting machines)10 years20.00%10.00%1 Jul 2012
Exhaust fans10 years20.00%10.00%1 Jul 2012
Fixtures (including rotary work fixtures and set up fixtures)10 years20.00%10.00%1 Jul 2012
Hand tools (including portable power tools, sealer guns and spray guns)3 years66.67%33.33%1 Jul 2012
Heat treatment assets (including furnaces and quench tanks etc)15 years13.33%6.67%1 Jul 2012
Lifting equipment (including vertical elevators and hoists)15 years13.33%6.67%1 Jul 2012
Maintenance machines and tool room assets generally (including boring machines, folding machines, grinding machines, guillotines, hydraulic benders and presses, lapping machines, lathes, milling machines, NC machines and pipe threaders)15 years13.33%6.67%1 Jul 2012
Measuring assets (including height gauges, micrometers, surface measuring machines and vernier calipers)10 years20.00%10.00%1 Jul 2012
Washing machines and tanks (including ultrasonic cleaners/washers and other hot solvent small parts washing assets)15 years13.33%6.67%1 Jul 2012
Welders (including ARC welders, MIG welders and TIG welders)10 years20.00%10.00%1 Jul 2012
Motor car engine assembly and manufacturing assets:
Ancillary and support assets:
Tooling assets:
Electronic and laser tool pre-setting and setting machines (including coordinate measurement machines)10 years20.00%10.00%1 Jul 2012
Engine assembly and engine component sub- assembly assets:
Power tools generally3 years66.67%33.33%1 Jul 2012
Toolroom assets:
Tool grinding and maintenance machines (including boring machines, broach sharpening machines, grinding machines, guillotines, lapping machines, milling machines, toolroom lathes etc)15 years13.33%6.67%1 Jul 2012
Motor vehicle manufacturing plant (not listed elsewhere):
Tooling (i.e. jigs, dies, press tools and specialty attachments such as working heads and work-holding tools)3 years66.67%33.33%1 Jan 2001
Railway rolling stock manufacturing and repair services:
Assembly assets:
Specialised hydraulic tool assets10 years20.00%10.00%1 Jul 2014
Aircraft manufacturing and repair services:
Hand tools, manual (including screw drivers, spanners, wrenches)10 years20.00%10.00%1 Jul 2020
Hand tools, powered:
Air5 years40.00%20.00%1 Jul 2020
Battery3 years66.67%33.33%1 Jul 2020
Electric5 years40.00%20.00%1 Jul 2020
Measuring tools, manually operated (including vernier calipers, micrometers, depth gauges, tyre pressure gauges)5 years40.00%20.00%1 Jul 2020
Photographic, optical and ophthalmic equipment manufacturing:
Optical lens grinding and contact lens manufacturing:
Lap tools10 years20.00%10.00%1 Jul 2004
Wooden furniture and upholstered seat manufacturing:
Tools:
Benchtop power tools (including biscuit/domino joiners, drill presses, jigsaws, laminate trimmers, mortisers, planners, routers, spindle sanders etc but excluding saws)5 years40.00%20.00%1 Jul 2022
Clamps10 years20.00%10.00%1 Jul 2022
Hand held power tools (including air, battery, and electric) - see Table B Power tools, hand tools
Hand tools (manual operated) - see Table B Hand tools (manual operated)
Sawing machines:
Band saws8 years25.00%12.50%1 Jul 2022
Circular saws8 years25.00%12.50%1 Jul 2022
Mitre saws (drop saws)7 years28.57%14.29%1 Jul 2022
Panel saws8 years25.00%12.50%1 Jul 2022
Table saws10 years20.00%10.00%1 Jul 2022
Stationary machines:
Computer numerical control (CNC) machines (including CNC routers)10 years20.00%10.00%1 Jul 2022
Edge banders8 years25.00%12.50%1 Jul 2022
Pedestal drills (drill presses)10 years20.00%10.00%1 Jul 2022
Sanders (including belt sanders, drum sanders, edge sanders, spindle sanders etc)12 years16.67%8.33%1 Jul 2022
Spindle moulders10 years20.00%10.00%1 Jul 2022
Thicknessers/Buzzers15 years13.33%6.67%1 Jul 2022
ELECTRICITY, GAS, WATER AND WASTE SERVICES:
Electricity supply:
Electricity generation:
Workshop machinery and tools20 years10.00%5.00%1 Jan 2002
CONSTRUCTION:
Power tools:
Chainsaws (Chain saws)3 years66.67%33.33%1 Jul 2008
Hand tools:
Air5 years40.00%20.00%1 Jul 2008
Battery3 years66.67%33.33%1 Jul 2008
Electric5 years40.00%20.00%1 Jul 2008
Jack hammers:
Air7 years28.57%14.29%1 Jul 2008
Electric3 years66.67%33.33%1 Jul 2008
Nail guns - air3 years66.67%33.33%1 Jul 2008
Tool carriers10 years20.00%10.00%1 Jul 2002
RETAIL TRADE:
Motor vehicle tyre or tube retailing:
Air tools (including ratchet guns)2 years100.00%50.00%1 Jul 2011
Hand tools10 years20.00%10.00%1 Jul 2011
RENTAL, HIRING AND REAL ESTATE SERVICES:
Rental and hiring services (except real estate):
Power tools:
Chainsaws3 years66.67%33.33%1 Jul 2005
Hand tools - air5 years40.00%20.00%1 Jul 2005
Hand tools - battery3 years66.67%33.33%1 Jul 2008
Hand tools - electric5 years40.00%20.00%1 Jul 2005
Jackhammers - air7 years28.57%14.29%1 Jul 2005
Jackhammers - electric3 years66.67%33.33%1 Jul 2005
Nail guns - air3 years66.67%33.33%1 Jul 2005
PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES:
Professional photographic services:
Lighting assets:
Light shaping tools (including modelling glass protectors, reflectors and scrims, softboxes and umbrellas)3 years66.67%33.33%1 Jul 2015
ADMINISTRATIVE AND SUPPORT SERVICES:
Gardening services:
Arboriculture and gardening services:
Hand tools (including pruner, rake, hedge shears, loppers and tree saws)3 years66.67%33.33%1 Jan 2004
OTHER SERVICES:
Automotive repair and maintenance:
Automotive and heavy vehicle repair and maintenance assets:
Air tools (including ratchet guns)2 years100.00%50.00%1 Jul 2011
Diagnostic assets:
Scan tools5 years40.00%20.00%1 Jul 2011
Hand tools10 years20.00%10.00%1 Jul 2011
Vehicle special tools5 years40.00%20.00%1 Jul 2011
Other machinery and equipment repair and maintenance:
Agriculture, construction and mining heavy machinery and equipment repair and maintenance assets:
Workshop assets:
Tooling:
Tooling for lathes, machining centres, milling machines and other machine tools7 years28.57%14.29%1 Jul 2015
Tools:
Hand tools (manually operated)10 years20.00%10.00%1 Jul 2015
Hand held power tools (air, battery and electric)3 years66.67%33.33%1 Jul 2015
Power packs5 years40.00%20.00%1 Jul 2015
Torque/tension wrenches5 years40.00%20.00%1 Jul 2015
Torque wrench pumps (pneumatic and electric driven)5 years40.00%20.00%1 Jul 2015
Table B
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
Hand tools (manually operated)10 years20.00%10.00%1 Jul 2014
Machine tools (grinding machines, lathes, milling machines etc):
CNC and NC based machines10 years20.00%10.00%1 Jul 2014
Conventional or manual machines20 years10.00%5.00%1 Jul 2014
Power tools:
Chainsaws (Chain saws)3 years66.67%33.33%1 Jul 2008
Hand tools:
Air5 years40.00%20.00%1 Jul 2008
Battery3 years66.67%33.33%1 Jul 2008
Electric5 years40.00%20.00%1 Jul 2008
Jack hammers:
Air7 years28.57%14.29%1 Jul 2008
Electric3 years66.67%33.33%1 Jul 2008
Nail guns - air3 years66.67%33.33%1 Jul 2008

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Source: TR 2022/1