ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
AGRICULTURE, FORESTRY AND FISHING:
Beef cattle farming:
Saddlery and harness10 years20.00%10.00%1 Jan 2007
ADMINISTRATIVE AND SUPPORT SERVICES:
Gardening services:
Arboriculture and gardening services:
Tree climbing assets:
Harness3 years66.67%33.33%1 Jan 2004
ARTS AND RECREATION SERVICES:
Horse training (racing):
Racehorses:
Harness racing (standardbred horses)7 years28.57%14.29%1 Jul 2021
Support assets:
Horse tack (including bits, bridles, harnesses (hobbles), headgear, saddles etc)4 years50.00%25.00%1 Jul 2021
Table B
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
Racehorses:
Harness racing (standardbred horses)7 years28.57%14.29%1 Jul 2021

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Source: TR 2022/1