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EOFY Checklist for Landlords

Are You Tax-Time Ready?

As the End of Financial Year (EOFY) approaches on 30th June, it’s the perfect time for landlords to review their property portfolio and ensure everything is in order for tax season. Being prepared means you could maximise deductions, avoid surprises, and improve your investment’s long-term performance.

Here’s a quick checklist to help you get organised:

1. Review Rental Income & Expense Records

Start by gathering all your rental income statements and receipts for property-related expenses. This includes:

Property management fees
Repairs and maintenance
Landlord insurance
Loan interest
Council rates and utilities

Accurate documentation is key for claiming deductions and ensuring compliance.

2. Book a Tax Depreciation Schedule

If you haven’t already, consider arranging a depreciation schedule through a qualified quantity surveyor. This report can help you claim depreciation on the building structure and eligible assets — potentially saving you thousands of dollars in tax.

3. Prepay Expenses Where Appropriate

Prepaying certain expenses before 30th June (like insurance premiums or maintenance work) may allow you to bring forward deductions. Speak with your accountant to understand if this is the right move for your situation.

4. Plan For Capital Works Or Improvements

Large upgrades or structural improvements might qualify for long-term depreciation benefits. Whether it’s a kitchen renovation or bathroom upgrade, plan strategically and consult you accountant for optimal timing and structure.

5. Touch Base With Your Property Manager

Your property manager can provide a detailed annual statement, help reconcile missing documents, and flag anything that may impact your tax return. Their insights can be invaluable when preparing for EOFY.

Final Thoughts

Preparation is key at this time of year. By staying on top of your financials and consulting the right professionals, you can ensure your investment property is working as hard for you as possible.

Need help sourcing a trusted quantity surveyor or want to request your annual statement or a property performance review?We're here to support you this EOFY and beyond.

FAQ

Do I need to be there for open homes or inspections?

Not at all. We’ll handle everything professionally, respecting your time and space while ensuring buyers feel welcome and informed.

How should I prepare my home for sale?

Presentation matters. From minor touch-ups to expert styling, we’ll guide you on how to showcase your home in its best light—inside and out.

What should I look for in a real estate agent?

Experience, communication, and local knowledge count. You want someone who listens, guides you with honesty, and knows how to get results—now and always.

What’s a property appraisal, and why does it matter?

A professional appraisal gives you a clear understanding of your home’s current market value—an essential first step in planning your sale with confidence.

When’s the right time to sell?

The ‘perfect’ time depends on your property, your goals, and the market. We’ll help you weigh the factors and decide what works best for you.

Will I need to pay Stamp Duty?

Stamp Duty usually applies to buyers, but rules can vary. We can connect you with trusted legal and financial advisors to make sure everything’s covered.

‘What’s the best way to market my property?’

The best marketing strategy is one that’s tailored—to your home, your audience, and the current market. It’s not about ticking boxes; it’s about standing out where it matters. That means combining strong digital reach with compelling visuals, authentic storytelling, and targeted strategy. If you’re thinking about selling Talk to us today.