ATO depreciation rates for heaters) assets in the Agriculture, Forestry And Fishing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
4 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Fresh water | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Indirect heating system (including heat exchangers and passive heating) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Instruments (including sensors and water quality meters) | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Salt water | 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.