ATO depreciation rates for aquaculture tanks assets in the Agriculture, Forestry And Fishing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
11 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Bins and crates | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Concrete | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Control systems | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Cooling assets (including water chillers) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Environmental control structures and protective structures used in salt water environment | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Feeders (including belt, pendulum, scatter and blower) | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Fibreglass | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Hatching assets (including hatching containers) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Polyethylene (PE) | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Raceways | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Transport of live products | 10 years | 10.00% | 20.00% | 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.