ATO depreciation rates for tanks assets in the Manufacturing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
21 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Beer fermentation and storage | 30 years | 3.33% | 6.67% | 1 July 2025 |
| Blending and mixing tanks | 25 years | 4.00% | 8.00% | 1 July 2025 |
| Cold service storage | 25 years | 4.00% | 8.00% | 1 July 2025 |
| Condensate collection | 25 years | 4.00% | 8.00% | 1 July 2025 |
| Debittering tanks | 30 years | 3.33% | 6.67% | 1 July 2025 |
| Generally | 30 years | 3.33% | 6.67% | 1 July 2025 |
| Hot service storage | 25 years | 4.00% | 8.00% | 1 July 2025 |
| Hot water | 25 years | 4.00% | 8.00% | 1 July 2025 |
| Jacketed | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Liquid carbon dioxide (CO2) storage | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Refrigerated | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Trolleys | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Trub | 25 years | 4.00% | 8.00% | 1 July 2025 |
| Valves | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Washers (including bottle and crate washers) | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Waste water storage/treatment tanks | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Waste water treatment assets | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Water filtration system assets (excluding resin beads) | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Water storage tanks | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Weighbridges Assets commonly used for product manufacturing and | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Yeast storage | 25 years | 4.00% | 8.00% | 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.