ATO depreciation rates for pumps assets in the Agriculture, Forestry And Fishing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
5 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Fresh water | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Other | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Salt water | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Water treatment assets (including filtration assets, foam fractionators, oxygen and ozone generators and UV sterilizers) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Weighing machines | 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.