Know what each investment property really costs you

Four steps. Add the property and set it as 50% rented — and your ownership share, if you own it with someone. Open your strata, rates and insurance bills, and your loan’s interest charge, and choose the property; every payment they have matched, and every one to come, is included. Add one-off costs from the property page, marking a cost for the rented half when it was only there. At year end, open the property: This year shows income, every cost split between the rented and private halves and your rental result, and the Tax tab names the form it belongs on, with the write-offs and the schedule download for your accountant on ELITE+. 2Fin helps you find and organise potential deductions; always confirm what applies to you with your accountant or tax authority.

Yes, in your own financial year — 1 July in Australia, 6 April in the UK, the calendar year in the US. Each property shows what it cost, what it earned and how many records and bills belong to it. Open it and the spend breaks down by category with the records behind each line, each divided between the parts of the property. Properties is also a built-in lens on every plan, with each property as an entry: choose By property in the ledger and your records group by address.

No. A repair stays under Repairs and the rates stay under Council Rates, so your deduction summary reads exactly as it did before. The property is added on top, so you can see both what a cost was and where it was — without giving up either. 2Fin helps you find and organise potential deductions; always confirm what applies to you with your accountant or tax authority.

Set the shares on the property once, say 30% rented, 20% business and the rest private. A whole-home cost such as rates or insurance is then divided by those shares, and a cost for one part — a new lock on the tenant’s door, a desk for the study — goes to that part in full. Rent from the tenant is rental income in full. Floor area is the usual measure for the shares; your accountant can confirm yours. 2Fin helps you find and organise potential deductions; always confirm what applies to you with your accountant or tax authority.

Yes. Set your ownership share on the property and every figure it shows — income, each expense line, the rental result — is your share. Co-owners generally each report their own share of the income and costs, so each of you can keep your own records of the same property without either of you doing the arithmetic twice. 2Fin helps you find and organise potential deductions; always confirm what applies to you with your accountant or tax authority.

No. Strata, rates, insurance and your loan’s monthly interest charge are recognised as repeating bills from your own bank transactions. Point each at the property once and every payment it has matched, past and future, is counted there — a handful of choices instead of a year of tagging. For the loan, point the property at the interest charge on the loan account, not the repayment from your everyday account: most of a repayment pays the loan down, and only the interest is a rental cost. If a repayment does land on a property, its Tax view says so, with the amount. 2Fin helps you find and organise potential deductions; always confirm what applies to you with your accountant or tax authority.

Yes. Once the rates notice is recognised as a repeating bill from your own transactions, its next instalment sits on your Upcoming list with the day it falls due — “Today”, “In 6 days”, or flagged as overdue — and your weekly review counts what is due soon. Put the bill at the property and every instalment shows which address it belongs to, beside what the last few cost.

It knows which side of them a property is on. Under the Treasury Laws Amendment (Tax Reform No. 1) Act 2026, as amended by the Tax Reform No. 2 Act 2026, a net rental loss on an established residential property acquired after 7:30pm AEST on 12 May 2026 can’t reduce other income from the 2027–28 income year, with new residential dwellings exempt and earlier contracts grandfathered. Record the contract date and whether it was a new build, and the property tells you which applies. It flags the rule rather than calculating your tax on it. 2Fin helps you find and organise potential deductions; always confirm what applies to you with your accountant or tax authority.

Yes. Money shows in your currency and the year runs on your country’s financial year. The Tax view names the form a property belongs on where you file — the UK SA105 property pages, the US Schedule E, the Canadian T776, the New Zealand IR3R, Indian house-property income — and notes the rules that change the picture there, such as the UK’s 20% relief on mortgage interest, with a link to the tax authority for each.

Removing a property only takes the label off — it never deletes a transaction, a bill or an asset. You are told how many records and bills are about to be unlabelled before anything happens, and each keeps its category, amount and date. Add the property again and you can reassign them.

Yes. Every property sits side by side for the same period, each with its spend, its income and how many records it carries, so the one quietly costing more than it returns is visible without exporting anything. Vehicles and business premises work the same way, if the question you have is what a thing costs rather than what a category costs.