Property Tax Return

Property Tax Returns Made Simple.

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Own an investment property? Lodge your tax return online from $229, with your rental income and expenses checked and reviewed by a certified tax agent. Add CGT for +$90.

From $229
Agent Reviewed
Direct ATO Pre-Fill

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We pull available personal income and ATO details in automatically alongside your rental figures

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Rental property, from $229.

Report your rent and claim expenses like loan interest, rates, repairs and depreciation, whether your property is positively or negatively geared. A registered tax agent reviews it before lodgement. Sold an asset? Add CGT for +$90.

Negative gearing

Depreciation

+$90 CGT

Getting Started

Do You Need to Lodge a Property Tax Return?

If you own an investment property, your rental income and related expenses need to be included in your tax return each year, whether the property is positively or negatively geared.

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Your Rental Property

Rental Income & Deductions.

Whether you have one investment property or several, your rental income needs to be included in your tax return, and you may have running costs along the way that could be deductible.

Rental Income

Rent received from your investment property.

Loan Interest

Interest charged on your investment property loan.

Agent & Management Fees

Property management and letting fees.

Depreciation

Decline in value of the building and fittings.

Repairs & Maintenance

Eligible repairs and upkeep on the property.

Not sure what you can claim? We make it easier to identify deductions you may be entitled to.

Selling Up

What About Selling Your Property?

Capital Gains on Sale

If you sell your investment property, any capital gain or loss needs to be reported. Holding the property for more than 12 months may entitle you to a discount on the gain.

Main Residence Exemption

If the property was your main residence for part of the time you owned it, you may be entitled to a partial exemption from capital gains tax. We help you work out what applies.

Cover Everything

Also a Sole Trader or Investor?

Your property return is $229. Add CGT for +$90.

Run a Business Too?

See how Tax Falcon handles business income and deductions.

[Link] Sole Trader Tax Return

Have Shares or Managed Funds?

See how Tax Falcon handles dividends, distributions and capital gains.

[Link] Investor Tax Return

How It Works

Your Property Tax Return in 3 Simple Steps.

Get Started Online

Create your Tax Falcon account and start your tax return from your phone, tablet or computer.

Tell Us About Your Property

Answer a few simple questions about your rental income, loan and expenses for the year.

Review & Lodge

Your return is reviewed by a certified tax agent before it’s lodged with the ATO.

Transparent Pricing

How Much Does It Cost?

One flat fee, no surprises. Here’s exactly what you’re paying for.

A$229 +$90 CGT

Simple Pricing

Your property return is $229. Add CGT for +$90.

Tax Deductible

The cost of managing your tax affairs can generally be claimed the following year.

Your Tax Summary

PAYG income (if any)

ATO pre-fill

Rental income

$26,000

Rental expenses

$31,400

Estimated refund

$1,610

Sign & Lodge Return

This is an example only. Your actual refund or tax payable depends on your income, deductions and personal circumstances.

Why Tax Falcon

Why Choose Tax Falcon?

From $229

One transparent, flat fee for a property tax return.

Direct ATO Pre-Fill

We connect with the ATO to pull your available personal information in automatically.

Certified Tax Agent Review

Every tax return is checked by a certified tax agent before it’s lodged.

Easy Online Process

Complete your tax return anywhere, anytime, from your phone, tablet or computer.

Help With Eligible Deductions

We help you identify the deductions that may apply to your situation.

Maximum Refund Guarantee

We help you claim every eligible deduction so you never miss a dollar.

Before You Start

What Do I Need to Get Started?

Getting your property tax return sorted is easier than you might think. Here’s everything worth having on hand before you begin.

Tax File Number

Used to identify your tax record.

Bank Details

For any refund to be paid.

Rental Income Statements

Yearly summary from your property manager.

Loan Interest Statements

From your bank or lender for the year.

Depreciation Schedule

If you have one prepared for the property.

Repair & Maintenance Receipts

Proof of any work done on the property.

Questions

Property Tax Return FAQs.

How much does a property tax return cost?

A property tax return with Tax Falcon starts from $229, a flat fee. It covers your rental income and expenses, with ATO pre-fill and a registered tax agent review. If you sold a property or other asset, adding CGT is +$90. See Pricing.

What is negative gearing?

Negative gearing is when your rental expenses, such as loan interest, rates and repairs, are more than your rental income. The loss can generally be offset against your other income, such as wages, which can reduce the tax you pay. You still report all rent received.

What is a depreciation schedule?

A depreciation schedule is a report, usually by a quantity surveyor, that lists what you can claim for the wear and tear of a property. Capital works on buildings built after 15 September 1987 are generally claimed at 2.5% a year. Second-hand fittings in residential property bought after 9 May 2017 generally can’t be claimed.

What rental expenses can I claim?

You can generally claim loan interest, council rates, water charges, insurance, property management fees, land tax, repairs and maintenance, and depreciation. You can only claim for the period the property was rented or genuinely available for rent. Keep invoices and statements for every claim.

What rental expenses can’t I claim?

You can’t claim the purchase price, stamp duty or capital improvements as an immediate deduction. Travel to inspect or maintain a residential rental property can’t be claimed. Costs for any period you or family used the property privately are also not claimable.

What happens if I sell my rental property?

You may owe capital gains tax (CGT) on the profit. If you owned the property for more than 12 months, individuals generally get a 50% discount on the gain. A main residence may be exempt. Adding CGT to your Tax Falcon return is +$90.

Do I need to report rent if my property made a loss?

Yes. You must report all rent you receive, even if the property is negatively geared. You then claim your expenses against it. The net result is the profit or loss for the year.

How do I split rental income if I co-own the property?

You report income and expenses in line with your legal ownership share, which is shown on the title. For example, if you own 50%, you report 50% of the rent and claim 50% of the expenses. Co-owners can’t choose a different split.

What records do I need to keep?

Keep rental statements, loan statements, invoices, receipts and your depreciation schedule for 5 years from the date you lodge. For a property you sold, keep purchase and sale records for 5 years after the sale. Digital copies are fine.

When is the tax return deadline for property owners?

The usual deadline is 31 October. In 2026 it fell on a Saturday, so Monday 2 November counted as on time. If you’ve missed it, lodge as soon as you can, because late penalties grow the longer you wait. See Tax deadlines and Overdue tax returns.

Ready to Get Your Property Tax Return Sorted?

One property or several, positively or negatively geared, Tax Falcon brings it together in one detailed tax return. From $229, it’s easy to complete online, check your eligible deductions and have it reviewed by a certified tax agent.

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From $229 for a property tax return.