As the end of the financial year approaches, now is the ideal time for landlords to get organised and ensure their investment property records are in order.

At MOVABLE, we support our landlords in staying prepared – because a little planning now can make tax time much smoother.

One area landlords often ask us about is tax depreciation – a potential deduction that relates to the wear and tear on the building structure and its assets over time, such as flooring, appliances, and fixtures. While we don’t provide financial or tax advice, we can help ensure you have the right documentation ready and connect you with qualified professionals for tailored guidance.

 

What Landlords Might Consider Ahead of 30 June

There are several common deductions landlords often discuss with their accountants at this time of year. These may include:

• Building Depreciation
  The decline in value of the property’s structure over time.
• Plant and Equipment
  Items like dishwashers, blinds, or air conditioning systems that may depreciate at different rates.
• Capital Works
  Renovations or structural improvements, which may be claimed over time.
• Repairs and Maintenance
  Routine repairs can be treated differently from upgrades, so it’s important to have these clearly documented.
• Property Management Fees and Expenses
  Fees for property management services, advertising costs, insurance, and more may also be deductible.

To help make this process easier, our landlords receive a clean, itemised end-of-financial-year statement with all relevant expenses listed—making things easier for their accountant.

 

How We Support Our Landlords

While we don’t provide tax advice, there’s a lot we can do to help ensure landlords are organised and informed ahead of tax time:

• We Recommend Landlords Consider a Depreciation Schedule
  If your property doesn’t already have one, we can connect you with a qualified Quantity Surveyor who can assist.
• We Keep Track of Improvements
  If you’ve upgraded or repaired anything at the property, we keep detailed records and can assist in arranging the work—helping ensure you’re not scrambling for documentation later.
• We Send Friendly Reminders
  As tax time approaches, we provide general reminders and checklists to help you stay on top of what your accountant may need.
• We Connect You with the Right Experts
  For any questions about what you can and can’t claim, we always recommend speaking with a registered tax agent or property tax specialist. We’re happy to refer you to trusted professionals.

 

Making Tax Time Less Stressful

With the right information and the right team, tax time doesn’t have to be a headache.

At MOVABLE, we’re committed to supporting our landlords with clear documentation, useful reminders, and access to experienced professionals—so you can feel confident you’re prepared.

Get in touch with your property manager today if you’d like help organising your property records before June 30.

Vivien Rendina | Business Development | 0425 302 776

Contact Vivien today if you would like to start your journey to smarter investment solutions with MOVABLE.