Bought or sold assets this year? A quick refresher

If you’ve had any changes to your business assets, we’ll need to update your asset register and apply the correct depreciation.

To help us do this, please have the following information available:

Details of any asset purchases or disposals (e.g. vehicles, equipment, machinery)
Purchase invoices
Purchase date, cost, and whether the asset is used partly or wholly for business.

If you’re claiming the Investment Boost (which allows faster tax deductions on eligible new assets), complete and accurate records are particularly important