ATO depreciation rates for general assets assets in the Agriculture, Forestry And Fishing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
17 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Augers (including conveyors) | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Bins and pallets | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Controllers | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Dryers | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Fertiliser spreaders | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Fumigation assets | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Kits | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Moisture meters | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Mulch layers | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Mulch lifters | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Mulchers | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Peanut pre-cleaners | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Plastic | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Rakes (e.g. cane trash rakes) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Slashers | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Stakes (including trellising) | 3 years | 33.33% | 66.67% | 1 July 2025 |
| Timber | 5 years | 20.00% | 40.00% | 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.