ATO depreciation rates for gasoline and diesoline assets assets in the General industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
9 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Effluent treatment systems (incorporating motors, electronic circuitry, pumps, and separators) | 8 years | 12.50% | 25.00% | 1 July 2025 |
| Hot water systems | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Leak protection pressure systems | 8 years | 12.50% | 25.00% | 1 July 2025 |
| Pay at pump card reading systems | 6 years | 16.67% | 33.33% | 1 July 2025 |
| Single or multi product gasoline and diesoline dispensers (incorporating meters, electronic circuitry, LCD displays, cash presets, hoses, automatic nozzles, steel cabinets and, where applicable, vapour recovery monitoring and collection systems) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Single or multi product gasoline and diesoline pumps (incorporating pump units, meters, electronic circuitry, LCD displays, cash presets, hoses, automatic nozzles, steel cabinets and, where applicable, vapour recovery monitoring and collection systems | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Submersible turbine pumps | 8 years | 12.50% | 25.00% | 1 July 2025 |
| Underground fuel distribution and containment piping systems (incorporating pipes, fittings and manholes) | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Underground fuel storage tanks – steel and fibreglass | 20 years | 5.00% | 10.00% | 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.