📅 : A Proactive Investor’s Guide to 30 June
As we approach 30 June, it’s a key time for commercial property owners to get their financial and operational affairs in order. Whether you’re a hands-on landlord or rely on a property manager, the end of financial year (EOFY) is a valuable opportunity to tidy up records, identify savings, and plan for the year ahead.
Here’s a practical checklist to help you make the most of it.
1. Finalise Rent Reviews & Lease Items
Ensure that any outstanding market reviews, CPI increases, or rent escalations are applied. If a lease has an option or expiry coming up, now’s the time to confirm next steps.
Tip: A good property manager will have these milestones tracked and actioned without you needing to chase.
At PCP, we proactively finalise reviews and provide updates on critical lease dates.
2. Prepare to Reconcile Outgoings
Review your property’s income and expenses to ensure all recoverable outgoings have been correctly passed through to the tenant.
- Are all shared costs allocated fairly?
- Has the annual outgoings reconciliation been scheduled?
- Have you forwarded any directly paid invoices to your property manager?
PCP handles outgoings reconciliations as part of our standard EOFY process and can provide tailored reports for your accountant.
3. Schedule Maintenance or Capital Works
Now’s a good time to consider any repairs or improvements, especially if you’re looking to bring forward tax-deductible expenses or improve asset value.
- Repairs may be deductible immediately.
- Capital improvements may need to be depreciated over time.
4. Review Your Depreciation Schedule
If you’ve completed renovations, upgrades, or purchased new assets, your depreciation report may need updating to ensure you’re claiming the maximum allowable deductions.
Talk to your accountant or quantity surveyor to determine if an update is worthwhile.
5. Speak With Your Accountant About Tax & Super Changes
The government has proposed changes to superannuation for balances over $3 million, including taxing unrealised gains from July 2025. This could affect SMSFs with commercial property holdings—particularly when considering whether to hold, improve, or sell.
Discuss with your accountant:
- Whether your SMSF is impacted
- Timing of income, deductions, and property-related decisions
- CGT or GST considerations around any planned sales
6. Pull Together Your Reports
Your accountant will need clear records to finalise your tax return. Ensure you have:
- A full income and expense statement
- Any outgoings reconciliations
- Invoices for major works or compliance checks
- Updated lease schedules
➡️ We can supply these directly, including historical data if required.
Wrapping Up
EOFY doesn’t have to be stressful—with a clear plan, it’s a chance to boost returns, tidy up loose ends, and prepare for a strong FY25.
Need help with any of the above?
Click the link below to contact our team—we’re here to make property ownership easier.