Welcome to Our New Alpha Release!
Lookup accurate ATO depreciation rates.
Heads up: This is an alpha version. Expect some bumps as we fine-tune for perfection!
Enter the description of your item and click Submit to get depreciation rates from ATO's Taxation Ruling 2022/1.
* By submitting your information, you agree with our Terms of Service
Our ATO Depreciation Rate Finder is an AI-powered app that helps you quickly and easily find the depreciation rates for assets, as specified in the ATO’s Taxation Ruling 2022/1. Simply enter a description of your item, and the app will provide the relevant depreciation rates for your tax purposes.
You just need to describe the asset you want to depreciate, such as "office desk" or "computer," and click Submit. The app will return the applicable depreciation rates based on the ATO’s latest rulings.
Common items include:- Office furniture (desks, chairs, etc.)- Computers and IT equipment- Machinery and tools- Vehicles used for business purposes- Fixtures like air conditioners and lighting
Capital items are assets you purchase for long-term use in your business. Examples include machinery, vehicles, and office equipment. Non-capital items are generally consumables or things that do not provide long-term value, like stationery or printer paper. The app focuses on capital items that can be depreciated under ATO rules.
This app is designed primarily for the Australian tax system and uses the ATO’s guidelines. However, we are working on similar apps for other countries and will be releasing those soon!
This app is primarily aimed at businesses and individuals who need to depreciate assets for work or business purposes. However, you can still use it for personal tax returns if you are claiming depreciation on work-related assets.
Absolutely! We value your feedback as it helps us improve the tool. Please email us at support@billize.ai to share your thoughts.
First thing to do is refresh the page and try again. It might be a problem with your description. It also may be an issue due to high loads if many users are taking advantage of our free tool at the same time. If you experience anything unusual, feel free to email us at support@billize.ai
