EOFY Checklist for Landlords: How to Prepare Your Perth Investment Property for Tax Time

As June 30th approaches, smart property investors know it’s time to get financially organised. At D Residential Group, we specialise in premium property management in Perth and support our clients with more than just routine tasks — we help ensure your investment property is working for you year-round.

Whether you’re a first-time investor or managing a portfolio of rental properties, this EOFY guide for landlords will help you maximise your tax return and stay compliant with ATO requirements.

1. Review Your Rental Income

Ensure all rental income is properly recorded, including:

• Standard rent payments
• Short-stay or holiday rental income
• Insurance payouts
• Bond money retained for damages or unpaid rent
• Any additional charges (e.g. water usage)

Check that your records align with your property manager’s end-of-financial-year statement. If you’re a D Residential landlord, we provide clear and accurate statements to make tax time easy.

2. Compile Receipts for Claimable Expenses

To claim deductions, you must have documentation. Common rental property tax deductions include:

• Property management fees
• Advertising for new tenants
• Council rates, land tax, and water charges
• Strata levies
• Repairs and maintenance
• Insurance premiums
• Gardening, pest control, and cleaning

Keep your receipts and organise them by category — your accountant will thank you!

3. Update Your Depreciation Schedule

Even older homes can attract depreciation deductions. If your property has had any renovations or improvements, now is the time to update your depreciation report. We work with trusted quantity surveyors across Perth and can connect you if needed.

4. Review Interest and Loan Costs

The interest on your investment property loan is generally deductible, along with:

• Loan setup fees
• Lender’s Mortgage Insurance (LMI)
• Ongoing bank fees

Check your loan statements and chat to your accountant to ensure all eligible costs are being claimed.

5. Prepay Expenses (If It Makes Sense)

If your income is higher this year, ask your accountant whether it’s worth prepaying:

• Insurance premiums
• Loan interest
• Scheduled maintenance contracts

Prepaying before June 30th can bring deductions into this financial year.

6. Understand Capital Gains Tax (If You Sold)

If you sold a property during the financial year, gather:

• Contracts of sale and purchase
• Legal, conveyancing and agent fees
• Improvement costs

Capital Gains Tax (CGT) can be complex, so we recommend speaking with a qualified accountant early.

7. Check Your Property’s Compliance

EOFY is the perfect time to confirm your property meets all legal and safety requirements in WA:

• Smoke alarms are working and compliant
• Pool fencing meets current regulations (if applicable)
• Minimum housing standards are upheld

Non-compliance can lead to penalties and insurance issues. We assist our landlords with annual compliance checks for peace of mind.

8. Book a Property Performance Review

EOFY is more than just numbers — it’s the ideal time to reflect on your investment’s performance and future strategy. At D Residential Group, we help Perth landlords:

• Review rental returns and tenant history
• Plan for upcoming maintenance or improvements
• Adjust rent in line with local market trends

Need Help This EOFY?

At D Residential Group, we offer hands-on, high-level support for Perth landlords. From preparing detailed EOFY statements to coordinating with your accountant or surveyor, we’re here to ensure your property is compliant, profitable, and well-managed.

Let us help you get EOFY ready — contact us today!