Property Tank
Everything you need to know about managing your property portfolio.
36 articles
How to allocate platform fees for share accommodationLearn how to allocate Share accommodation platform fees that are 100% deductible.
Properties & Portfolios
Master property and portfolio management with TaxTank. From adding properties to managing ownership percentages and portfolio types including SMSF, Trusts and AirBnB.
How to add propertiesLearn the process of adding properties to TaxTank for comprehensive asset tracking and management.
How to deactivate a propertyLearn how to deactivate a sold or transferred a property so it can reactivated if needed at anytime.
How to update your property when its use has changedNavigate the steps to update property use details, ensuring accurate financial reporting.
How to create custom portfolios to manage your propertiesDiscover how to create customised property portfolios to organise and analyse your property investments effectively.
How to add a Property PictureEnhance property records by adding pictures for visual reference and documentation in TaxTank.
How to change/edit your property ownership percentageLearn how to adjust ownership percentages for properties, ensuring accurate asset allocation.
How to seamlessly manage your property held in a SMSF in TaxTankLearn how to seamlessly manage your Self-Managed Super Fund (SMSF) property within TaxTank.
How to delete a property in TaxTankLearn how to delete a property from TaxTank by making it inactive, removing any data, and finally deleting.
How TaxTank tracks and labels your property performanceLearn how TaxTank tracks property performance with real-time insights, highlighting top tax savings, equity gains, and ongoing monitoring.
Property expenses
Optimise your property expense management and learn how to add expenses, calculate shared costs and streamline your property financials effortlessly!
How to add property expenses and cash receiptsLearn how to manage and claim expenses on land, whether holding or building, to capture holding costs.
How to calculate share property expenses accuratelyLearn how to calculate shared property expenses with precision, ensuring correct reporting to the ATO.
How to manage and claim expenses on land when holding or buildingUse the Land Portfolio to automatically capture holdings costs as a capital expense
Property income & rental statements
Optimise your property income management and learn how to add incomes, view and edit transactions and streamline your rental property finances effortlessly.
How to add property incomes and monthly statementsLearn the process of adding property incomes and expenses from your monthly statement to ensure accuracy.
How to view or edit an Income transactionLearn how to effortlessly view and edit income transactions, ensuring accuracy and transparency in your rental property finances.
How to add rental income with amounts held over by a Real Estate AgentLearn how to manage rental income with Real Estate adjustments held over by an Agent accurately for tax purposes.
How to add rental income with amounts contributed by a LandlordLearn how to accurately manage rental income statements which include landlord contributions and refunds, for optimal tax management.
How to manage variances between your annual rental statement and actual payments receivedLearn how to mange any rental income variances due to the timing of payments across financial years.
What to do when the gross rental income on your Annual Rental Statement is more than what's in TaxTankLearn how to manage rental income variances due to the timing of payments across financial years when your statement shows more than TaxTank
What to do when the gross rental income on your Annual Rental Statement is less than what's showing in TaxTankLearn how to manage rental income variances due to the timing of payments across financial years when your statement shows less than TaxTank
How to allocate rental income when you have one rental statement for multiple propertiesLearn how to allocate rental income when multiple properties are reported on one monthly rental statement.
How to reconcile rental income when you have a monthly statement but receive payments weekly or fortnightlyLearn how to reconcile rental income when you have a monthly statement but receive payments weekly or fortnightly.
Property depreciation & borrowing expenses
Learn to add depreciation schedules, borrowing expenses, and utilise calculators for informed investment decisions.
How to add property depreciationLearn how to add property depreciation (capital works, plant & equipment & LVP) seamlessly into TaxTank for accurate financial reporting.
How to add depreciation for building and improvementsLearn how to add depreciation for buildings and improvements for your investment property.
How is Capital Works depreciation calculated?Understand how Capital Works depreciation is calculated, maximising tax benefits for your investment properties.
How to add borrowing expenses for your investment propertyLearn how to add borrowing expenses for your investment property accurately, optimising tax deductions within TaxTank.
How does the Property Borrowing Power calculator work?Gain insights into how the Property Borrowing Power calculator works, empowering informed investment decisions.
How to use the Property Borrowing Power Calculator in TaxTankLearn how to utilise the Property Borrowing Power Calculator effectively within TaxTank for assessing investment potential.
Help with inputting your depreciation scheduleIf you need help inputting your depreciation schedule, we have a service available for $22 per schedule. Quick, accurate, and hassle-free!
Equity & valuations
Learn how we calculate property equity and add new valuations effortlessly and achieve accurate financial insights.
How we calculate equity on propertiesLearn how we calculate equity on properties to effortlessly monitor equity & LVR for each property with live updates & growth forecasts.
How to add a new property valuationLearn how to update the valuation of your property.
How to apportion loans and interest to one or more propertiesLearn how to apportion loans and interest across multiple properties in TaxTank for accurate equity tracking and ATO-compliant deductions.
Updating property details & forecasts
Learn to edit property details and forecasts effortlessly for accurate financial management.
How to record capital costs including stamp duty and buyers agent feesLearn how to accurately record stamp duty and other capital costs and upload settlement letters for seamless tracking.
How to edit a propertyLearn how easily edit properties in TaxTank. Navigate to Property Tank, click 'Property Tab', then edit with the pencil icon.
Property sales & transfers
Navigate how to handle property sales and transfers effortlessly with TaxTank, including calculating capital gains tax on your investment property.
How to calculate capital gains tax for your investment propertyLearn how to calculate capital gains tax for your investment property with TaxTank's step-by-step guide of their automated CGT calculator.
How to sell a propertyLearn now to navigate capital gains tax (CGT) when selling a property and calculate CGT in three simple steps for a smooth tax experience.