ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
ARTS AND RECREATION SERVICES:
Horse training (racing):
Racehorses:
Flat racing (thoroughbred horses)5 years40.00%20.00%1 Jul 2021
Harness racing (standardbred horses)7 years28.57%14.29%1 Jul 2021
Jumps racing (thoroughbred horses)10 years20.00%10.00%1 Jul 2021
Table B
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
Racehorses:
Flat racing (thoroughbred horses)5 years40.00%20.00%1 Jul 2021
Harness racing (standardbred horses)7 years28.57%14.29%1 Jul 2021
Jumps racing (thoroughbred horses)10 years20.00%10.00%1 Jul 2021
Lead and companion ponies (horses)5 years40.00%20.00%1 Jul 2021

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Source: TR 2022/1