Australia's #1 property tax software
Most property software tracks what happened. TaxTank calculates what it means for your tax.
See your rental income, deductions, depreciation, cash flow and equity together. TaxTank’s Property Tank applies Australian tax rules to your recorded information, showing how your properties affect your live individual tax position.
One property or a growing portfolio. Know what you’re making, what it’s costing you and where you stand.
- No Credit Card Required
- Built for Australian Property Investors
More than property income and expenses
Your rental income is only part of the return. A property can grow in value while costing you money to hold. A rental loss can also affect your tax. You need to see those numbers together to understand how an investment is performing.
Property Tank connects cash flow, equity, growth and the calculated tax effect, for each property and across your portfolio.
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
As Australia’s first purpose-built property tax software, Property Tank is designed specifically for property investors to manage their portfolio and tax position all year round. You can 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
Know what it’s making. Know what it’s costing. See rental income, holding costs and the calculated tax effect together, then look at the equity and growth behind the investment.
Monitor cash flow, market value, equity and LVR for each property or your whole portfolio. The detail stays connected, so you can see the investment from more than one angle.
Track income, deductions, depreciation and loans properly
The transaction is recorded. The tax work keeps going.
Property Tank does more than total your expenses. It uses Australian property tax categories and built-in calculations to manage deductions, depreciation, capital works and borrowing expenses.
Record ownership percentages so the result reflects your share. Keep loan principal separate from interest. Carry depreciation schedules across financial years.
These details matter. TaxTank brings them into the calculation.
Connect bank accounts, allocate transactions and create rules for recurring rent and expenses. Keep receipts, loan records and depreciation schedules with the property they belong to.
Manage every property in your portfolio
More properties shouldn’t mean more spreadsheets. Keep each investment’s income, expenses, ownership, loans and depreciation history in its own record.
Group properties into customised portfolios to suit how you manage them. Find the records for one property without sorting through the rest, and keep shared ownership details attached to the right investment.
Built for property situations generic software misses
Shared ownership, part-rentals and changes of use need more than a general expense category. Property Tank keeps the relevant records and calculations connected.
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.
Commercial property
Track commercial or non-personal property income separately with Sole Tank, without affecting your personal tax summary.
Track non-personal business activity
Not everything belongs on your personal return. Use Sole Tank to track relevant property-related business income and expenses separately, with the option to exclude that activity from your personal tax summary.
Keep the records and reports available for your accountant, while keeping the relevant personal and non-personal results separate.
Manage foreign properties in your Australian tax position
Different country. Same place for your records. Manage overseas rental income, expenses and ownership alongside your Australian properties.
TaxTank converts relevant amounts to Australian dollars and includes their Australian tax effect in your live individual tax position. No separate spreadsheet for the overseas part of your portfolio.
Most software tracks transactions.
TaxTank gets the tax outcome right.
The calculation is the difference. An income and expense report shows what came in and went out. Property Tank also calculates the relevant tax result from the information you record.
You can review the records behind that result and generate reports for tax time, rather than starting again with a spreadsheet.
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
Keep purchase details, capital costs, market valuations and property history together, so the records behind your capital gains tax calculation are ready when you need them.
Connect property with the rest of your financial life
Your properties affect your tax. So does everything else. Add the relevant Tanks to connect your property results with your salary, sole trader income, shares and crypto.
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.
See how the different parts of your financial life contribute to one calculated individual tax position. Then invite your accountant to work from the same records.
It's easy to get started
Getting started with Property Tank is simple and affordable. For just $15/month*, you get access to all the essential tools you need to manage your property portfolio and tax.
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 properties mean for your tax
Your properties keep moving between tax returns. Your numbers should too.
Keep your records together and see what your properties mean for your tax throughout the year.