ATO depreciation rates for marine vessels assets in the Transport, Postal And Warehousing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
17 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Cargo ships | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Container ships | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Dinghies and punts (not longer than 6 metres) Fishing vessels (including trawlers, long liners, seiners, fin fish boats, pearling boats, lobster boats, | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Houseboats | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Inflatable boats (excluding rigid hull inflatable boats) | 7 years | 14.29% | 28.57% | 1 July 2025 |
| LNG and LPG Work vessels (including barges, coastal supply boats, dredges, general work boats, landing craft, launches, lighters, line boats, pilot boats, runabouts | 30 years | 3.33% | 6.67% | 1 July 2025 |
| Navigational and communication assets acquired separately from the vessel (including autopilots, chart plotters, depth sounders, GPS, radar systems and marine radios) | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Offshore supply and support vessels Passenger vessels (including cruise vessels, skippered charter vessels, vehicle and passenger | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Pedal boats | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Pontoon boats (excluding pontoons or floating jetties used for storage or walkway only) | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Roll on/roll off ships | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Sail boats (not longer than 6 metres and including ‘off the beach’ boats) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Ship loaders | 30 years | 3.33% | 6.67% | 1 July 2025 |
| Ship unloaders | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Ski boats | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Thrill boats (including jet boats) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Yachts and motor cruisers – bare boat charter (including monohulls, catamarans and trimarans) | 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.