Property tax deductions made easier for Australian investors
Maximise your investment property tax deductions without the spreadsheet stress.
With TaxTank, you can track rental income, expenses, depreciation, borrowing costs and documents in one place, so your property tax deductions are organised, accurate and ready when tax time rolls around.
- No Credit Card Required
- Built for Australian property investors
As seen in
The smarter way to manage investment property tax deductions
Whether you own one rental property or a growing portfolio, TaxTank helps you stay on top of your property tax deductions all year round.
No more digging through bank statements, chasing receipts or trying to remember what happened months ago. TaxTank gives property investors live visibility over their tax position, so deductions are captured as they happen.
Thousands of investors across Australia are already using TaxTank to save time, reduce stress and feel more confident about their numbers.
We have used Xero for my properties but for specific property functionality TaxTank is better and the pricing far outweighs what we were paying. If I could give 10/10 I would. Thank you so much!!!
What changes when you track property deductions in TaxTank
From day one, TaxTank gives you more than a place to record expenses. It helps you understand what can be claimed, how each property is performing, and how your deductions affect your estimated tax position.
See your property tax deductions live
Track rental income, repairs, interest, rates, insurance, body corporate, depreciation, borrowing costs and other property expenses in real time.
Keep each property separate
Every investment property has its own income, expenses, loans, documents, depreciation and tax summary, so you can see exactly what belongs where.
Stop missing deductible expenses
Live bank feeds and smart allocation tools help you capture expenses throughout the year, instead of trying to piece everything together at tax time.
Built for ATO-correct tax outcomes, not just record keeping.
What this looks like in real life
“What used to take weeks at tax time now happens continuously in the background.”
“For the first time, decisions are based on actual numbers, not assumptions.”
“No more spreadsheets or tax-time stress.”
Built for ATO-aligned property tax deductions
Property tax deductions can get complicated quickly. Repairs, capital improvements, depreciation, borrowing expenses, interest, vacant land costs, shared ownership and CGT all have different tax treatments. TaxTank helps apply the right logic in the background, so your property records are cleaner, more accurate and easier to manage.
Because claiming deductions is only part of the job. Claiming them correctly is what matters. And while most tools simply track income and expenses. TaxTank goes further by helping you manage your property tax position all year round.
Financial Oversight
See your financial position all year round so you can make informed decisions about your money.
Live Bank Feeds
Ensure nothing is missed with automated live bank feeds using Open Banking.
Automated Tax Tools
Automatically allocate income and expenses using bank rules so you can set and forget.
Depreciation Calculators
Enjoy tax benefits without the hassle, using TaxTank’s simple and smart depreciation calculator.
Maximise Deductions
Automatic calculations of your estimated tax position to highlight ways to maximise deductions.
Easy Collaboration
Share with property co-owners, accountants and advisors so you can keep on top of everything year round.
Secure Document Storage
Attach receipts, document, statements and even warranties for a secure record that never fades.
Peace Of Mind
Avoid stress at the end of the financial year and know your tax position all year round.
Real-time property tax deduction and insights
TaxTank shows both the cash position and tax position of your investment properties in real time.
See exactly:
- what each property costs to hold
- which deductions have been recorded
- how your expenses affect your tax position
- how your portfolio is performing overall
With integrated CoreLogic data, you can also track equity and forecast growth, giving you a clearer view of your investment position beyond deductions alone.
See the full picture, not just the property tax deductions
Investment property deductions are only one part of your tax position.
TaxTank connects your property income and expenses with the rest of your financial life, including employment income, sole trader activity, shares, crypto, cash flow and estimated tax.
That means your property deductions are reflected in your overall tax picture, not sitting in a separate spreadsheet waiting to be reconciled later.
Stay organised and ATO-ready without the headache
At tax time, your accountant needs accurate records, clear categories and supporting documents.
TaxTank helps you stay ready throughout the year by keeping your property deductions, receipts, depreciation schedules, loan documents and statements together in one secure place.
And because property tax legislation is constantly changing, TaxTank does the heavy lifting in the background. From depreciation and borrowing costs to CGT changes, valuations and grandfathering provisions, the software is updated as the rules evolve so you don’t have to become a property tax expert.
No more shoeboxes. No more missing receipts. No more wondering whether you’ve claimed everything you’re entitled to under the latest rules.
Manage deductions across your entire property portfolio
TaxTank lets you manage different property types and ownership structures, so your deductions are tracked correctly from the start.
Investment Properties
Track rental income, deductible expenses, depreciation, capital gains tax, loan interest and ownership details.
Share Accommodation
Calculate the percentage of claim accurately for share propertes with smart tax tools and update any time.
Vacant Land
Track and capitalise property-related costs where required, helping keep records clean for future CGT calculations.
Trusts & Companies
Centrally manage properties held in other entities for better oversight and accountant reporting.
Principle Place of Residence (PPOR)
Keep your home records in one place, then move it into an investment portfolio if your circumstances change.
Track property activity that doesn’t belong in your personal tax return
Some property-related activity may sit outside your personal tax return, such as commercial property, trusts, companies or business-related rental activity.
With TaxTank’s Sole Tank and Property Tank working together, you can keep personal property deductions separate from business or entity-level activity, while still maintaining a complete view of your portfolio.
Most software tracks expenses.
TaxTank helps get the tax outcome right.
A ledger can tell you what you spent.
TaxTank helps you understand how those expenses affect your property tax position.
Typical setup
- Spreadsheets and folders
- Manual receipt tracking
- Year-end expense sorting
- Separate depreciation records
- Manual borrowing cost calculations
- Limited portfolio visibility
- Accountant clean-up at tax time
TaxTank
- Live connected bank data
- Property-specific expense tracking
- Applies correct ATO tax treatment
- Built-in depreciation & CGT tools
- Borrowing cost tracking
- Secure document storage
- Real-time estimated tax position
You don’t need another spreadsheet. You need property tax deduction clarity.
TaxTank helps property investors stop guessing, stop backtracking and stop waiting until tax time to understand their deductions. Because recording an expense is only half the job. Knowing how it affects your tax position is where the real value sits.
It's easy to get started
Getting started with TaxTank is simple and affordable. With pricing starting from just $15* per month, you can access the tools you need to manage your investment property deductions properly.
- Free Trial
- No Credit Card Required
- Cancel Anytime
PROPERTY TANK
Simply add Property Tank so you can monitor your whole property portfolio in one place. You can manage up to 5 properties for only $15* a month.
$15/month
Paid Annually
ADDITIONAL
PROPERTIES
Have more than 5 properties? No problem, you can add as many as you like with our property add-on.
$3/month
Paid Annually
What Property Investors say about Australia’s first platform built for maximising property tax deductions
It's literally about 10 minutes a week to allocate transactions and I'm on top of my paperwork which means no more spreadsheets or tax time stress.”
Frequently asked questions
How does TaxTank help with property tax deductions?
TaxTank helps property investors track, organise and monitor their property tax deductions throughout the year. Rental expenses, interest, depreciation, borrowing costs and other deductible expenses can be allocated as they happen, giving you a live view of your estimated property tax position rather than waiting until tax time.
What makes TaxTank different from other property tax deduction software?
Most software simply records income and expenses. TaxTank goes further by applying Australian property tax logic in the background and combining your investment property data with your salary, shares, crypto, sole trader income and other financial activities.
This means you can see how your property tax deductions impact your overall tax position in real time, not just your property records.
Can TaxTank calculate my property tax deductions automatically?
Yes. TaxTank uses live bank feeds, automated rules and built-in tax calculations to automatically track and calculate your estimated property tax position throughout the year.
Unlike spreadsheets, manual trackers and most accounting software, TaxTank continuously updates your estimated tax position as new transactions are allocated.
Does TaxTank calculate property tax deductions alongside my other income?
Yes. This is one of TaxTank’s biggest advantages.
Most property software looks only at your rental property. TaxTank combines your investment property deductions with employment income, sole trader activity, shares, ETFs, cryptocurrency and other investments to provide a complete view of your estimated tax position.
Because the ATO assesses your total tax position, not just your property.
Can I see how my property tax deductions affect my tax refund?
Yes. TaxTank calculates your tax position in real time so you can see how property tax deductions affect your overall tax outcome throughout the financial year.
This gives you greater visibility before making investment decisions or preparing your tax return.
Is TaxTank just another property expense tracker?
No. A property expense tracker records transactions.
TaxTank is designed to calculate and monitor your property tax position by combining rental income, deductions, depreciation, capital gains tax, ownership structures and your broader financial situation in one platform.
Does TaxTank update when property tax deduction rules change?
Yes. Australian property tax rules change regularly. TaxTank is updated as legislation evolves, including changes relating to depreciation, borrowing costs, vacant land rules, capital gains tax and other property tax matters.
This means you don’t need to manually track every rule change, valuation requirement or grandfathering provision yourself.
Why is TaxTank better than spreadsheets for managing property tax deductions?
Spreadsheets require manual data entry, manual calculations and constant maintenance.
TaxTank automates much of the process using live bank feeds, automated rules, document storage, depreciation tracking and real-time tax calculations, helping property investors stay organised all year round.
Is TaxTank the only software that combines property tax deductions with other investment income?
Yes. TaxTank was built specifically for Australian individuals and allows you to manage property tax deductions alongside employment income, shares, ETFs, cryptocurrency, sole trader activity and personal finances.
This provides a complete picture of your tax position that traditional property software and bookkeeping platforms typically don’t offer.
Can I store receipts and documents?
Yes. You can attach receipts, statements, depreciation schedules, loan documents, invoices and other property records directly in TaxTank.
Can TaxTank track deductions for multiple properties?
Yes. Each property has its own income, expenses, loans, documents and tax position, so you can manage multiple investment properties clearly.
Does TaxTank track depreciation?
Yes. TaxTank includes depreciation tools to help you manage depreciation schedules and track how depreciation affects your property tax position.
Can my accountant access my property records?
Yes. You can invite your accountant or advisor into TaxTank so they can access the information they need when preparing your tax return.
Do I still need an accountant?
TaxTank helps you stay organised and understand your tax position throughout the year. Many investors still choose to work with an accountant or registered tax agent for final tax advice and lodgement.
Is TaxTank only for investment properties?
No. TaxTank can also help with employment income, sole trader activity, shares, crypto, budgeting, personal expenses and documents, giving you a more complete view of your financial and tax position.