ATO depreciation rates for working animals assets in the General industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
6 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Flat racing (thoroughbred horses) | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Harness racing (standardbred horses) | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Jumps racing (thoroughbred horses) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Lead and companion ponies (horses) | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Working beasts and beasts of burden (including camels and horses but excluding working dogs) used in a business other than primary production | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Working dogs (including certified therapy dogs used by qualified therapists, detection dogs, guard dogs, performing dogs, police dogs and security dogs; but excluding assistance dogs (such as guide dogs, hearing dogs and service dogs), pet dogs, racing dogs, support dogs, and working dogs used in primary production) | 8 years | 12.50% | 25.00% | 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.