ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
AGRICULTURE, FORESTRY AND FISHING:
Nursery and floriculture production:
Environmental control assets:
Heating assets10 years20.00%10.00%1 Jul 2006
Aquaculture:
Heating assets:
Direct heating system (including immersion heaters):
Fresh water10 years20.00%10.00%1 Jul 2007
Salt water5 years40.00%20.00%1 Jul 2007
Indirect heating system (including heat exchangers and passive heating)10 years20.00%10.00%1 Jul 2007
MANUFACTURING:
Prepared animal and bird feed manufacturing:
Prepared animal and bird feed manufacturing assets generally:
Batching, grinding and mixing assets:
Heating chambers (including coils and heat exchangers)12 years16.67%8.33%1 Jul 2012
Spirit manufacturing:
Support assets:
Water heating assets:
Boilers - see Table B Boilers
Water heaters (including small steam boilers [up to 500KW])10 years20.00%10.00%1 Jul 2018
Log sawmilling and timber dressing:
Saw milling equipment:
Green mill plant:
Heating plant (includes storage bins/silos)15 years13.33%6.67%1 Jan 2001
Plywood and veneer manufacturing:
Heating unit assets20 years10.00%5.00%1 Jan 2005
Log conditioning, heating and steaming assets25 years8.00%4.00%1 Jan 2005
Reconstituted wood product manufacturing:
Log conditioning, heating and steaming assets25 years8.00%4.00%1 Jan 2005
Industrial gas manufacturing:
Industrial gas - general manufacturing assets:
Air and gas cooling and heating assets:
Heat exchangers15 years13.33%6.67%1 Jul 2011
Moisture condensers20 years10.00%5.00%1 Jul 2011
Quench drums20 years10.00%5.00%1 Jul 2011
Refrigeration units20 years10.00%5.00%1 Jul 2011
Basic inorganic chemical manufacturing:
Ammonium nitrate manufacturing assets:
Ammonia nitrate solution manufacturing assets:
Remelt and solution storage tanks (incorporating heating coils and stirrers)25 years8.00%4.00%1 Jul 2013
Concrete product manufacturing:
Fibre cement building boards manufacturing assets:
Finishing line and packaging assets:
Drying tunnels (including heating ovens)10 years20.00%10.00%1 Jul 2012
Non-ferrous metal casting:
Metal casting assets (non-ferrous e.g. aluminium, brass and magnesium):
Heating assets:
Degassing assets5 years40.00%20.00%1 Jan 2004
Furnaces (including dosing, holding and melting)15 years13.33%6.67%1 Jan 2004
Heat treatment baskets5 years40.00%20.00%1 Jan 2004
Heat treatment ovens20 years10.00%5.00%1 Jan 2004
Ingot pre-heaters20 years10.00%5.00%1 Jan 2004
Quenching tanks20 years10.00%5.00%1 Jan 2004
ELECTRICITY, GAS, WATER AND WASTE SERVICES:
Electricity supply:
Electricity generation:
Power generators:
Co-generation:
Condensing and feed heating assets30 years6.67%3.33%1 Jan 2002
Combined cycle:
Condensing and feed heating assets30 years6.67%3.33%1 Jan 2002
Thermal:
Condensing and feed heating assets30 years6.67%3.33%1 Jan 2002
Sewerage and drainage services:
Sewage treatment assets:
Sludge processing assets:
Anaerobic digester heating systems25 years8.00%4.00%1 Jan 2005
Sludge heating units20 years10.00%5.00%1 Jan 2005
RETAIL TRADE:
Fuel retailing:
Convenience store assets:
Pie warmers and heating units10 years20.00%10.00%1 Jul 2010
ACCOMMODATION AND FOOD SERVICES:
Accommodation:
Sauna heating assets10 years20.00%10.00%1 Jul 2005
RENTAL, HIRING AND REAL ESTATE SERVICES:
Residential property operators:
Assets generally:
Heaters:
Fixed:
Gas:
Ducted central heating unit20 years10.00%5.00%1 Jul 2004
Bathroom assets:
Exhaust fans (including light/heating)10 years20.00%10.00%1 Jul 2004
Outdoor assets:
Sauna heating assets15 years13.33%6.67%1 Jul 2004
PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES:
Scientific research services:
Scientific, medical and pharmaceutical research assets:
Heating blocks10 years20.00%10.00%1 Jul 2014
OTHER SERVICES:
Automotive body, paint and interior repair n.e.c.:
Smash repair assets:
Painting assets:
Infrared paint dryers:
Heating arches20 years10.00%5.00%1 Jul 2009

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Source: TR 2022/1