ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MANUFACTURING:
Rigid and semi-rigid polymer product manufacturing:
Plastic welders9 years22.22%11.11%1 Jul 2016
Iron smelting and steel manufacturing:
Steel strip metallic coating assets:
Welders17 years11.76%5.88%1 Jul 2010
Tin-plating mill assets:
Welders17 years11.76%5.88%1 Jul 2011
Steel coil roll forming, slitting and blanking and sheet metal forming:
Steel coil roll forming assets:
Closed section induction welders15 years13.33%6.67%1 Jul 2012
Closed section laser welders10 years20.00%10.00%1 Jul 2012
Boiler, tank and other heavy gauge metal container manufacturing:
Sheet metal tanks manufacturing assets:
Welders5 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:
Welding assets:
Hand held and portable spot welders (including transformers)10 years20.00%10.00%1 Jul 2011
MIG welders15 years13.33%6.67%1 Jul 2011
TIG welders15 years13.33%6.67%1 Jul 2011
Vertical electric welders (pedestal welders)15 years13.33%6.67%1 Jul 2011
Metal stamping and blanking assets:
Maintenance workshop and tool room assets:
Welders (including ARC welders, MIG welders and TIG welders)10 years20.00%10.00%1 Jul 2012
Motor car engine assembly and manufacturing assets:
Toolroom assets:
Welders (ARC welders, MIG welders etc)10 years20.00%10.00%1 Jul 2012
Railway rolling stock manufacturing and repair services:
Assembly assets:
Welding assets (including robot welders and spot welding towers)10 years20.00%10.00%1 Jul 2014
Maintenance and refurbishment assets:
Welding assets (including robot welders and spot welding towers)10 years20.00%10.00%1 Jul 2014
Aircraft manufacturing and repair services:
Welders - see Table B Welders
CONSTRUCTION:
Welders:
Diesel10 years20.00%10.00%1 Jul 2008
Electric5 years40.00%20.00%1 Jul 2008
RENTAL, HIRING AND REAL ESTATE SERVICES:
Rental and hiring services (except real estate):
Welders:
Diesel10 years20.00%10.00%1 Jul 2005
Electric5 years40.00%20.00%1 Jul 2005
OTHER SERVICES:
Automotive repair and maintenance:
Automotive and heavy vehicle repair and maintenance assets:
Welders:
Electric10 years20.00%10.00%1 Jul 2011
Oxy-acetylene10 years20.00%10.00%1 Jul 2011
Automotive body, paint and interior repair n.e.c.:
Smash repair assets:
Welders5 years40.00%20.00%1 Jul 2009
Other machinery and equipment repair and maintenance:
Agriculture, construction and mining heavy machinery and equipment repair and maintenance assets:
Workshop assets:
Welding assets:
Welders (including ARC, MIG, TIG, multi process and oxy-acetylene welders/cutters)10 years20.00%10.00%1 Jul 2015
Table B
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
Welders:
Diesel10 years20.00%10.00%1 Jul 2008
Electric5 years40.00%20.00%1 Jul 2008
Oxygen welders and cutters10 years20.00%10.00%1 Jul 2014

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Source: TR 2022/1