Get Ready Early: Tax Time Prep for Property Investors 2025–2026
The 2024–2025 tax season might be done and dusted, but if you’re a property investor, there’s no better time than now to get set for the next one. A bit of planning today can save you headaches tomorrow—and might even leave more money in your pocket.
Whether you’ve got one rental property or several, here’s how you can get ahead for the 2025–2026 financial year.
First thing – Start with an Accountant
Let’s be honest—property tax can get tricky. Between rental income, capital gains, repairs, depreciation, and claiming interest on loans, there’s a lot to think about.
An experienced accountant will ensure you are capturing every expense related to your investment and maximise your return.
Here are just some of the things they can help with:
- Help you spot deductions you didn’t know existed
- Work out if you claim expenses in the same year or if it needs to be depreciated
- Keep you on the right side of the tax man
- Show you how to structure your finances for better outcomes
- Help you plan for big decisions, like renovating or selling
- Claiming interest and fees on your investment loan
For more info, check out the ATO: ATO – Rental Expenses
Centurion Real Estate Has Your Back
At Centurion Real Estate, we know tax time can feel overwhelming and there can be a lot of documents to prepare. That’s why we’ve made it easier for our landlords.
✅ We provide a clear End-of-Financial-Year Statement. It’s your property’s income and expenses all in one place and your accountant will love you for it.
✅ We keep digital records of every invoice—from repairs to management fees.
✅ You can access these records anytime through our secure software.
No more scrambling for paperwork. When tax time comes around, you’ll have everything easily accessible and ready to hand to your accountant
Track Every Dollar
Good tax results start with good records. If you have a good Property Manager, they will be doing this on your behalf. However, if this is something you are doing yourself or not sure of here are items to keep track of:
- Repairs and maintenance
- Insurance premiums
- Council rates and utilities
- Loan interest + and fees on that home loan account
- Body corporate fees – if applicable
- Legal and professional services
- Improvements or renovations
- Property Management or advertising fees
Don’t wait until June to sort it out. Save receipts as you go and keep digital copies where possible. The ATO wants you to keep records for at least five years.
Check the ATO’s guide here: ATO – Records You Need to Keep
Try the ATO myDeductions App
Tired of digging through piles of paper? The ATO’s myDeductions app might be your new best friend. You can:
- Snap photos of receipts
- Categorise your expenses
- Track travel for inspections
- Keep records safe for tax time
Find out more here: ATO App – myDeductions Tool
To download ATO App via Google Play, click here
To download ATO App via Apple Store, click here
Don’t Forget Depreciation
Depreciation is one of the best tools to lower your tax bill. Here’s how it works:
- It lets you claim the wear and tear on your property and its fittings.
- A quantity surveyor figures out how old things like carpets, appliances, or air conditioners are, and how much value they’re losing each year.
- Even older properties might qualify, especially if you’ve done upgrades.
- A depreciation report usually costs $500–$800, and it’s tax-deductible.
It can save you thousands over time. Ask your accountant if it’s right for you or get in contact with a tax depreciation company and ask if it worth doing for your property. Many have guarantees in place to make sure it worth the expense you pay. Here are a couple we can recommend and if you mention Centurion Real Estate you might even get a discount!
Duo Tax
BMT Tax Depreciation
1300 728 726
Let’s Get You Ahead
Ready to make your investment property work smarter for you? Reach out to Centurion Real Estate’s Property Management team today. Let’s help you take control, maximise your returns, and set you up for a smoother, more profitable year ahead.