Australia's #1 property tax software
Most property software tracks what happened. TaxTank calculates what it means for your tax.
TaxTank’s Property Tank brings your rental income, expenses, loans, depreciation, deductions, property performance and capital gains together so you can see exactly where every property stands throughout the year.
Built for Australian property tax from day one, TaxTank is the first and only property software that applies the tax rules and calculates your complete individual tax position live.
Whether you have one property or a growing portfolio, Australian or overseas property, Property Tank knows the rules.
- No Credit Card Required
- Built for Australian Property Investors
More than property income and expenses
Property Tank brings the financial, tax and performance sides of your property portfolio together so you can understand what each investment is doing throughout the year.
With Property Tank, you can:
- Manage Australian and foreign investment properties
- Manage properties in trusts, companies and SMSF
- Track rental income, expenses and ownership percentages
- Connect eligible bank accounts through Open Banking
- Create rules for recurring property transactions
- Calculate depreciation and capital works deductions
- Manage property loans, interest and borrowing expenses
- Monitor cash flow, equity, LVR and growth
- Calculate negative gearing and your live tax position
- Estimate capital gains tax before selling
- Manage share accommodation and mixed-use properties
- Capitalise eligible vacant-land expenses
- Record changes of use for each property
- Group properties into customised portfolios
- Store receipts, statements, warranties and supporting documents
- Invite co-owners, accountants and advisers
Your properties do not sit in a financial bubble. Add the other Tanks that apply to you and TaxTank combines your property results with your employment, sole trader and investment information to calculate one complete estimated individual tax position.
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!!!
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Manage your property tax throughout the year
Most platforms only track income and expenses. TaxTank goes further by automatically applying the correct tax treatment, so your tax position is always accurate, up to date, and ready when you need it.
As Australia’s only purpose-built property tax software, it is designed specifically for property investors to manage their portfolio and tax position all year round. Track performance, monitor your real-time tax position 365 days a year, and store every receipt and document in one secure, audit-ready place.
With powerful automation tools built in, TaxTank helps you claim every deduction you’re entitled to accurately, confidently, and without the end-of-year scramble.
Income and Deductions
Track rental income and organise property expenses using Australian tax-return categories so the relevant tax treatment can be applied.
Performance and Equity
Monitor cash flow, market value, growth, equity and LVR across individual properties and your complete portfolio.
Capital Gains Tax
Record purchase information, ownership changes, capital costs and other supported CGT information so you can automatically calculate your CGT in 3 simple steps.
Foreign Properties
Manage overseas rental properties, convert the relevant amounts to Australian dollars and include their Australian tax impact in your complete individual tax position.
Live Property Tax Calculations
See how rental income, deductible expenses, depreciation, loans, ownership and other supported information affect your live individual tax position throughout the year.
Loans and Borrowing Expenses
Keep property loans, interest, repayments and borrowing expenses connected with the properties they fund.
Depreciation and Capital Works
Manage depreciating assets, capital works, renovations and multi-year deduction schedules without rebuilding everything at tax time.
Documents and Collaboration
Keep receipts, statements, depreciation schedules, contracts and supporting records together, then invite your accountant, adviser or co-owner when needed.
See your property portfolio performance and tax position live
A property can increase in value while draining cash flow. It can produce a rental loss while reducing your overall tax. Looking at rent and expenses alone only tells part of the story.
Property Tank shows the financial and tax sides together.
You can see what each property costs to hold, whether it is producing taxable income or a rental loss and how negative gearing affects your broader individual tax position.
Integrated property data also helps you monitor market values, growth, equity and LVR across individual properties and your complete portfolio.
Instead of waiting until tax time to find out what happened, you can see where your properties stand while there is still time to make informed decisions.
Track income, deductions, depreciation and loans properly
Property expenses do not all receive the same tax treatment.
Some may be immediately deductible. Others may need to be apportioned, depreciated, claimed over several years or included in the property’s cost base. Recording every payment as a general expense does not make the tax treatment correct.
Property Tank uses Australian property tax categories and built-in calculations to manage rental income, operating expenses, ownership percentages, depreciation, capital works, renovations and other supported property information.
You can also keep property loans connected with the investments they fund. Track balances, repayments, interest and borrowing expenses without incorrectly treating principal repayments as deductions.
Connect eligible bank accounts through secure Open Banking feeds to import transactions, create allocation rules and attach receipts or supporting documents.
TaxTank does not just store the transaction. It works out where it belongs.
Manage every property in your portfolio
Every property has its own income, expenses, loan, ownership, depreciation and tax history.
Property Tank keeps each investment separate while bringing the results together at portfolio level. You can review the cash flow, market value, equity, LVR, growth and estimated tax effect of one property, then zoom out to understand the complete portfolio.
Properties can also be grouped into customised portfolios, giving you flexibility to review them by ownership, strategy or another structure that makes sense to you.
Whether you own one property or a growing portfolio, you can see each investment clearly without losing sight of the combined result.
Built for property situations generic software misses
Property investing does not always fit neatly into a basic income and expense report.
Property Tank supports the different situations Australian property investors actually encounter.
Mixed Ownership
Record ownership percentages so income, expenses, depreciation and tax calculations reflect your share of the property.
Share Accommodation
Calculate the relevant claim percentage when part of a home or property is rented out so supported income and expenses can be apportioned correctly.
Vacant Land
Record vacant land and apply the supported tax treatment, including capitalising eligible expenses for future capital gains tax calculations where required.
Trusts, Companies & SMSF
Keep properties held through other entities visible within your portfolio without incorrectly including their results in your personal tax calculation.
Principal Place of Residence (PPOR)
Keep the property’s records together when your home becomes an investment property or an investment becomes your principal place of residence.
Track non-personal business activity
TaxTank makes it easy to manage property-related income and expenses that don’t belong on your personal tax return. Using our Sole Tank module, you can track commercial property, rental properties, or side business ventures in one place without affecting your personal tax summary.
- Separate personal and property business transactions for accurate reporting
- Track income, expenses, and deductions for trusts, companies, or commercial properties
- Generate professional reports for accountants or advisors
- Maintain compliance with GST and BAS reporting requirements
- Store all property-related documents and receipts securely in the Spare Tank
With Property Tank and Sole Tank working together, you get a complete picture of your property investments while keeping your personal tax summary clean and accurate.
Manage foreign properties in your Australian tax position
Owning property overseas should not leave part of your portfolio sitting outside your tax software.
Property Tank supports foreign investment properties so Australian residents can manage overseas rental activity alongside their Australian properties.
Record the foreign property, rental income, expenses, ownership and other supported information. TaxTank converts the relevant amounts to Australian dollars and applies the Australian tax treatment when calculating your live individual tax position.
Different country. Same Australian tax return. TaxTank knows what to do with it.
Most software tracks transactions.
TaxTank gets the tax outcome right.
A transaction tracker can tell you what came in and what went out. It still leaves you to determine what the information means for tax.
TaxTank applies Australian individual tax rules to the information recorded in your account and updates your tax position as your records change. Property is not an accounting add-on inside TaxTank. It is part of the tax calculation from the beginning.
Typical property software
- Records property transactions
- Uses general categories
- Shows rental income and expenses
- Leaves depreciation to another system
- Records loan payments
- Reports after the financial year
- Manages properties in isolation
- Tracks local properties
- Gives you figures to interpret
TaxTank
- Applies Australian property tax rules
- Uses Australian individual tax-return categories
- Shows the live calculated tax effect
- Includes depreciation and capital works
- Records interest and borrowing expenses
- Updates your tax position throughout the year
- Connects property with your complete individual tax position
- Manages Australian and foreign properties
- Shows what the figures mean for tax
Ready for the capital gains tax changes
Capital gains tax rules for investment properties are changing from 1 July 2027.
TaxTank will automatically include the new rules in our calculations when they take effect, including the relevant grandfathering provisions for investment properties acquired under the existing rules.
Connect property with the rest of your financial life
Your properties are only one part of your individual tax position.
You may also earn a salary, run a sole trader business, receive dividends, sell shares or trade cryptocurrency.
Add the Tanks that apply to you and TaxTank brings each supported area into the same live individual tax position. When tax time arrives, generate organised reports to help you prepare for myTax or share your current records with your accountant.
Manage Australian and foreign sole trader income, expenses, invoices, GST, BAS information, assets and business loans.
Manage employment income, PAYG withholding, HELP repayments and work-related deductions.
Manage Australian and foreign shares, cryptocurrency, investment income, and all assets with automated CGT calculations.
Manage budgets, bills, spending and financial goals across your personal, property, work and business finances.
It's easy to get started
Getting started with Property Tank is simple and affordable. Your $180 annual subscription includes up to five properties, with additional properties available for $36 each per year.
You can add as many properties as you need while keeping your entire portfolio, performance and tax position together in one place.
- 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 software built to calculate property tax in real time
TaxTank helps property investors replace spreadsheets, receipt folders and disconnected property apps with one live view of their portfolio, performance and tax.
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
What is property tax software?
Property tax software helps investors manage the income, expenses, deductions and other information that contributes to the tax position of an investment property.
Property Tank applies Australian property tax rules and calculates how your properties contribute to your live individual tax position throughout the year.
Is TaxTank Australia’s first property tax software?
Yes. TaxTank is Australia’s first real-time property tax platform and the only property software that combines portfolio management with live individual tax calculations.
It was built specifically for Australian property investors rather than adapting business accounting software or adding basic tax reports to a property tracker.
What does Property Tank manage?
Property Tank manages rental income, expenses, deductions, loans, depreciation, capital works, ownership, negative gearing, property performance and estimated capital gains tax.
It also supports share accommodation, vacant land, principal place of residence changes, foreign investment properties and properties held in trusts, companies, SMSF’s and other entities.
Does Property Tank calculate my tax?
Yes. Property Tank applies Australian individual tax calculations.
It calculates how your rental income, expenses, deductions, depreciation and other property information contribute to your live individual tax position throughout the year.
Can TaxTank manage multiple properties?
Yes there is no limit to the amount of properties you add to Property Tank. The first 5 properties are included in the base level subsciption, and any additional properties can be added for $3per month each ($36 each paid annually).
Each property has separate income, expenses, ownership, loans, depreciation and performance information. You can also group properties into customised portfolios.
Can TaxTank manage a foreign investment property?
Yes. Property Tank supports foreign investment properties.
You can record overseas rental income, expenses, ownership and other supported property information. TaxTank converts the relevant amounts to Australian dollars and includes the Australian tax effect in your live individual tax position.
Does Property Tank calculate negative gearing?
Yes. Property Tank calculates the rental result using the income, expenses, depreciation and ownership information recorded for the property.
When a supported rental loss applies, TaxTank automatically includes its effect in your overall tax position.
Does TaxTank manage property depreciation?
Yes. Property Tank includes tools for managing depreciating assets, capital works and renovation schedules.
The investment property depreciation calculator carries forward across financial years and contribute to the relevant property and estimated tax results.
Can I add an existing depreciation schedule?
Yes. You can enter existing depreciation information and opening values so the remaining deductions can be managed through Property Tank.
Can TaxTank track property loans?
Yes. Property Tank allows you to manage property loans, balances, repayments, interest and borrowing expenses.
Does TaxTank calculate capital gains tax?
Property Tank calculates capital gains tax for investment properties in three simple steps. When the new CGT rules take effect from 1 July 2027, they will automatically be applied to TaxTank’s calculations, including the relevant grandfathering provisions for existing properties.
Can I add my own home?
Yes. You can add your principal place of residence to monitor its expenses, market value, equity, LVR and growth.
Keeping the records together can also help if the property later becomes an investment property.
Can TaxTank manage share accommodation?
Yes. Property Tank includes tools for calculating the relevant percentage when part of a property is rented out.
This helps allocate the supported income, expenses and other property information correctly.
Can TaxTank manage vacant land?
Yes. You can record vacant land and the relevant expenses in Property Tank.
TaxTank applies the supported treatment, including capitalising eligible expenses for future capital gains tax calculations where required.
Can I manage properties held in a trust, company or SMSF?
Yes. TaxTank can keep properties held through trusts, companies. SMSF and other supported structures visible within your broader portfolio.
These properties can be managed without incorrectly including entity activity in your personal tax calculation.
Can I connect my bank accounts?
Yes. You can connect eligible Australian accounts through secure Open Banking feeds.
Transactions are imported ready to be reviewed, categorised and allocated to the relevant property. Transactions can also be entered manually when required.
Can I invite my accountant or co-owner?
Yes. You can invite your accountant, adviser or property co-owner to access relevant current information in TaxTank.
This allows everyone to work from the same records without relying on separate spreadsheets and receipt folders.
How much is Property Tank?
Property Tank is $180 per year and includes up to five properties, with additional properties available for $36 each per year.
You can add as many properties as you need.
Is there a free trial?
Yes. You can try TaxTank free for 14 days without entering a credit card.
Know what your business means for your tax
Knowing how much your business earned is useful. Knowing what that means for your tax is better.
Sole Tank brings your income, expenses, GST, assets, depreciation, loans and deductions together while showing how your business activity contributes to your estimated individual tax position.
No disconnected spreadsheets. No rebuilding your records at tax time. No waiting until the end of the financial year to understand what you may owe.
You don’t need to know sole trader tax. You just need TaxTank. It knows the rules, so you don’t have to.