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How to update your property when its use has changed

Navigate the steps to update property use details, ensuring accurate financial reporting.

Updated over a week ago

There are a few reasons why you might need to move a property from one portfolio to another. For example, your home might become an investment property, or you might decide to rent out your investment property through a share accommodation platform like Airbnb or Stayz.

Whatever the reason, moving a property is quick and easy.

Step 1 – Go to Manage Properties

From Property Tank, click the Manage Properties button.

Step 2 – Select the Property

Find the property you want to move, then click the Move button next to it.

Step 3 – Choose the New Portfolio

Use the dropdown to select the new portfolio.


Then, set the effective date for the change. This date is important — it tells the system when to start applying tax calculations under the new portfolio.

Don’t Forget to Update the Market Value

If you’re switching a property from owner-occupied to investment (or the other way around), make sure to update the market value as of the change date and upload an appraisal letter to back it up.

This helps if the ATO ever needs evidence down the line — and it keeps your accountant happy too.

Track Everything in the History Moves Tab

The History of movements section keeps a record of all portfolio changes, including dates and market values.


It’s a handy reference for you and your accountant, especially if the property is sold in the future and capital gains tax needs to be calculated.

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