Asset Reports — Track Your Assets and Claim Eligible Depreciation

Accurate asset records support your depreciation claims, capital gains tax calculations and business reporting. Our team prepares detailed asset reports to help you identify eligible deductions and maintain clear, well-supported records.

5,000+

Satisfied Clients

$2M+

Tax Refunds Secured

12+

Years Experience

100%

Satisfaction Guaranteed

About This Service

Professional Asset Reporting & Depreciation Schedules

An asset or depreciation report provides a clear record of eligible depreciating assets associated with your property or business. Depending on the asset and its use, this may include building components, appliances, carpet, air conditioning, fixtures and other eligible items.

For property investors, an appropriately prepared depreciation schedule can help identify deductions that may otherwise be overlooked. For businesses, accurate asset records and the appropriate depreciation treatment can help ensure eligible deductions are correctly reflected in your tax position.

AAD Taxation prepares asset reports and depreciation schedules tailored to your circumstances. Where required, we can also coordinate with “qualified quantity surveyors” for specialist investment property depreciation reports. Our team helps you apply the appropriate depreciation treatment and identify eligible assets in line with applicable tax rules.

The AAD Difference

Why Choose AAD for Asset Reports

Depreciation is often overlooked — but it can significantly affect your tax position. We ensure you claim every legitimate deduction accurately and consistently.

Comprehensive Asset Identification

We conduct a detailed review of all your business or property assets, including items that are commonly missed, ensuring nothing is left unaccounted for.

The Right Depreciation Method

We apply the appropriate depreciation method — prime cost or diminishing value — based on your asset type, usage, and circumstances, in line with ATO requirements.

Property & Business Expertise

We prepare accurate reports tailored to your investment or operational needs — whether that’s a rental property depreciation schedule or a full business asset register.

Collaboration with Quantity Surveyors

For property-related assets, we work alongside “qualified quantity surveyors” to ensure your reports are detailed, accurate, and fully compliant with ATO requirements.

Ongoing Updates & Accuracy

As your assets evolve, we update your depreciation schedules annually to reflect new purchases, disposals and improvements — keeping your reports current and compliant.

Maximise Your Depreciation Benefits

Don’t miss out on eligible deductions — get accurate asset reporting support today.

How It Works

A Clear Process for Accurate Asset Reporting and Depreciation Schedules

We follow a clear, structured process to keep your asset reporting accurate and your depreciation claims complete every year.

Asset Review & Assessment

We review your business or property assets, identify what can be depreciated, and advise if a quantity surveyor report is needed.

Data Collection Made Easy

We gather all the essential details — such as purchase costs, dates, renovations and existing records — so nothing is missed.

Depreciation Schedule Creation

We prepare a detailed schedule that clearly sets out each asset, its value, its effective life and the annual depreciation deduction.

Seamless Tax Integration

Your depreciation schedule is applied directly to your tax return, ensuring all legitimate claims are accurately reported and compliant.

Client Reviews

What Our Clients Say

Real reviews from real Australians. 300+ five-star Google reviews and counting.

AAD Taxation got me a refund I never knew I was entitled to. Professional, quick, and explained everything in plain English. They found deductions my previous accountant completely missed. Absolutely outstanding!

Priya S.

As a small business owner, BAS and payroll was a nightmare. AAD took everything off my plate and the fixed pricing means no surprises. Their team responds within hours — incredible service, highly recommended.

Raj M.

I had 3 overdue tax returns and was terrified of the ATO. AAD sorted everything, negotiated my penalties down, and set up a payment plan. Now I’m fully up to date. They literally saved me thousands!

James T.

FAQs

Frequently Asked Questions

Find clear answers to common questions about asset reports, depreciation, and compliance requirements.

What is a depreciation schedule and why do I need one?

A depreciation schedule lists your depreciable assets, their effective life, and the annual deduction you can claim for the decline in value of each asset. Without one, you may be missing legitimate deductions — which directly reduces the tax you pay each year.

Can I claim depreciation on a property I already own?

Yes. We can prepare a depreciation schedule even if you’ve owned a rental property for years without one. Depending on when the property was built and acquired, you may still be eligible to claim depreciation on qualifying assets going forward.

What is the instant asset write-off?

The instant asset write-off is an ATO concession that allows eligible businesses to immediately deduct the full cost of a qualifying depreciating asset in the income year it is first used or installed ready for use — rather than claiming the deduction over the asset’s effective life.

Does the instant asset write-off apply to all businesses?

Eligibility depends on your business turnover and the asset’s cost. The thresholds have changed in recent years. We confirm your current eligibility and make sure you claim the full benefit available.

What records do I need to support my asset claims?

Purchase receipts, dates of acquisition and first use, the purpose of the asset, and your depreciation method. We help you maintain these records correctly.

What happens if I sell a depreciating asset?

When you dispose of a depreciating asset, a balancing adjustment is required. If the termination value exceeds the asset’s adjustable value, an assessable amount arises.

Do I need a quantity surveyor for my investment property?

In most cases, yes — particularly for Division 43 (capital works) deductions. We work alongside registered quantity surveyors and ensure their reports are applied correctly.

Can I claim depreciation on a home office?

Yes. If you use part of your home for work, you can depreciate home office equipment and, in some cases, a portion of the fit-out. We calculate this correctly.

Find Nearest Branch

Find your nearest AAD branch

AAD Taxation provides a maximum refund guarantee and customised accounting solutions.

Our Locations

12 Offices Across Australia

Walk in, call, or book online at a location near you — with offices across Victoria, New South Wales, Queensland, and Tasmania.

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Know Your Assets. Improve Your Tax Position.

Get accurate asset reporting and depreciation support from registered tax professionals.