What's Your Real Estate Tax Readiness Score?

Discover how well you understand Australian property taxes and whether you're missing out on thousands in deductions. In just 4 quick questions, we'll assess your tax knowledge, identify your biggest risks, and show you exactly what you need to do next to protect your wealth and maximise your investment returns.

When you think about your investment property's tax obligations, which best describes your current situation?

I'm not sure what taxes actually apply to my property—it's all quite confusing. I know I pay tax on rental income, but I'm uncertain about what I can actually deduct. I track my rental income and claim some expenses, but I suspect I'm missing legitimate deductions. I have a clear system for tracking all deductible expenses and review it regularly with my accountant.

How prepared are you for the 2026 tax changes affecting depreciation and mixed-use property deductions?

I haven't heard about any changes coming in 2026—this is new information. I've heard there are changes, but I'm not sure how they'll affect my specific properties. I understand the changes exist and I've started thinking about how they apply to my portfolio. I've reviewed the changes with my accountant and already adjusted my strategy accordingly.

Regarding capital gains tax on your investment properties, what's your approach?

I haven't thought much about it—I'll deal with it when I eventually sell. I know capital gains tax exists, but I'm not sure how the 50% discount actually works. I understand the 50% discount applies after 12 months, and I'm tracking my holding periods. I have a documented strategy for timing sales across financial years to optimise capital gains tax.

How organised are your records for property-related expenses and deductions?

I keep receipts scattered in folders or emails—nothing systematic. I have a basic system, but I often struggle to find receipts when I need them. I maintain organised records in a spreadsheet or folder system that I update regularly. I use accounting software or a dedicated system with all receipts digitised and categorised.