TaxTank revolutionises property tax and compliance by providing unmatched oversight and control, no matter your investment structure. With an intuitive interface, you can seamlessly navigate from a high-level property portfolio overview down to individual property details, ensuring total transparency over your investments.
More than just a tracking tool for your property portfolios, TaxTank automates tax logic, captures compliance updates, and ensures every deduction is optimised – all while keeping the ever-expanding reach of the ATO in check. Whether you’re a seasoned investor or just starting out, TaxTank puts you in the driver’s seat, so you can make informed decisions with confidence.
Tailored Property Portfolios for Every Type of Property
TaxTank comes preloaded with intelligent property portfolios, each meticulously designed to handle specific tax logic, legislative changes, and compliance requirements:
- Investment Property Portfolios: Ideal for full time rental properties generating income. This portfolio automatically calculates deductible expenses, tracks rental income, and manages depreciation and borrowing expense schedules, ensuring you maximise tax benefits effortlessly.
- Trust Portfolio: Perfect for properties held within a trust structure or your Self-Managed Super Fund (SMSF). It manages the reporting requirements associated with trusts, producing property schedules to streamline tax time, saving you both time and money.
- Owner Occupied: Designed for properties used as your principal place of residence (PPOR). While this portfolio doesn’t impact your tax position, it allows you to track relevant costs and seamlessly update details if the property’s use changes in the future.
- Share Properties (Airbnb, Stayz, etc.): Tailored for short-term rental properties, this portfolio automatically tracks and adjusts claims in real-time, ensuring deductions accurately reflect your property’s rental usage throughout the year. Whether you rent out a room occasionally or operate a full-time short-stay investment, TaxTank seamlessly updates expenses and applies the correct tax treatment, maximising deductions while ensuring full compliance without the hassle.
- Vacant Land: Designed for land holdings or properties in the build phase, this portfolio automatically capitalises expenses until the property is complete. Once construction is finished, the property can be seamlessly transferred to the appropriate portfolio, with all holding costs securely tracked to optimise Capital Gains Tax (CGT) outcomes if sold in the future. This ensures full compliance while simplifying record-keeping and tax reporting.
Each property portfolio automatically applies the relevant tax rules, ensuring you never miss a deduction or fall out of compliance with ATO regulations.
Need custom property portfolios to organise your properties your way?
No problem! Beyond the default options, TaxTank gives you the flexibility to create custom property portfolios tailored to your investment structures, ownership entities, or tax strategies. Whether you’re managing properties across different entities, states, or optimising tax positioning, TaxTank adapts to your unique needs, ensuring accurate reporting and seamless organisation – structured exactly how you want it.
Want Complete Financial Oversight – Not Just Tax?
This is where TaxTank truly stands out. More than just a tax tool, it’s your ultimate property investment companion, providing real-time visibility into your portfolio’s growth, tax position, and equity, all in one place.
With live bank feeds and CoreLogic’s AVM estimates and growth projections, you can accurately apportion loans for interest claims while seamlessly tracking equity forecasts. Whether you’re refining investment strategies, maximising deductions, or planning your next move, TaxTank gives you full financial control and flexibility now and into the future.
Want more? Let’s talk about TaxTank’s Game-Changing CGT Calculator!
TaxTank’s powerful CGT calculator is the ultimate game-changer for property investors, effortlessly accumulating and tracking data year after year to calculate Capital Gains Tax in just 3 simple steps.
Whether you’ve changed property use, claimed a home office deduction, or qualify for concessions, TaxTank automates every adjustment, ensuring you claim every benefit available while staying fully compliant.
Seamless, Smart & Stress-Free CGT Calculations
- Historical Data Done for You – TaxTank tracks and pulls in purchase details, capital improvements, and ownership changes, eliminating manual calculations.
- Automated Cost Adjustments – Capital costs, duties, holdings costs and structural improvements flow directly into CGT calculations, integrating seamlessly with TaxTank’s depreciation tools for accurate ad-backs.
- Real-Time Loss Offsetting – Capital losses are calculated on the fly across all asset classes, ensuring the most tax-effective outcome.
Forget messy spreadsheets, accountants and complicated formulas. TaxTank does it all, making CGT compliance effortless, accurate, and stress-free. Now that’s the icing on the cake! 🎂
Want to Collaborate in Real Time with your Accountant or Advisors?
Say goodbye to tax-time chaos and hello to seamless collaboration with TaxTank’s live data sharing. Grant real-time access to co-owners, accountants, and advisors so everyone stays aligned—no more endless emails, missing paperwork, or last-minute scrambling.
Even better? Firms and advisors can register for a free TaxTank platform account, allowing them to collaborate with clients like never before. With instant access to live tax data, deductions, CGT calculations, and financial insights, advisors can provide smarter tax strategies year-round, not just at tax time.
Why It’s a Must-Have for Investors & Advisors:
- Real-Time Access – No more outdated reports, your financial team sees live tax data and property insights instantly.
- Smarter Tax Strategies – Advisors can proactively track deductions, optimise CGT outcomes, and plan ahead, rather than scrambling at year-end.
- Effortless Compliance – Keep everything in one place, making tax prep and financial planning smoother than ever.
- Full Financial Picture – Property Tank stacks with other subscriptions to calculate tax in real time across all incomes and investment types.
The Future of Property & Tax Management Is Here
Ditch the old way of managing tax and embrace real-time collaboration. Whether you’re an investor looking for seamless oversight or an advisor wanting better client transparency, TaxTank makes it happen, easily, efficiently, and accurately.
We told you tax has never looked this good! 🚀 Start your free trial today.
