ATO depreciation rates for carbon dioxide (co2) recovery system assets assets in the Manufacturing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
10 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Clean-in-place system (CIP) assets (including pipes, pumps and tanks) | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Control system assets (excluding personal computers) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Gas collection and storage assets (including pipes bladders and tanks) | 25 years | 4.00% | 8.00% | 1 July 2025 |
| Gas processing assets | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Heat exchangers | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Pipes | 25 years | 4.00% | 8.00% | 1 July 2025 |
| Pumps | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Valves | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Vaporisation system assets | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Vapour condensers | 15 years | 6.67% | 13.33% | 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.