ATO depreciation rates for barrels, tanks and tuns assets in the Manufacturing 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 |
|---|---|---|---|---|
| Capacity greater than 150 litres | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Capacity of 150 litres or less | 4 years | 25.00% | 50.00% | 1 July 2025 |
| Fermenters, washbacks, vats and holding tanks | 25 years | 4.00% | 8.00% | 1 July 2025 |
| Intermediate bulk containers (IBC) | 8 years | 12.50% | 25.00% | 1 July 2025 |
| Mash tuns and lauter tuns | 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.