Simplify property tax & investment tracking with TaxTank + Sharesight

We’re excited to announce our partnership with TaxTank, a custom-built tax management platform featuring Property Tank, designed specifically for property investors. With real-time tax tracking, ATO compliance tools, and live market values, TaxTank provides a complete overview of your portfolio, regardless of structure, all year round.

With ATO data-matching tighter than ever, managing property investments takes more than just tracking transactions, it requires specialised tools built for property that provide deeper financial insights beyond just tax. And now, with the Sharesight + TaxTank integration, you can seamlessly pull key property tax data into Sharesight, creating a live, automated view of all your assets in one place.

Plus, by syncing your Sharesight trade and investment income data back into TaxTank, you get real-time CGT tracking across all asset classes, seamless tax planning, and no tax time surprises. Keep reading to see how this integration simplifies tax time and puts you in control.

What is TaxTank?

TaxTank is more than just software — it’s a purpose-built platform designed to put individuals back in control of their tax. For too long, taxpayers have been left to navigate a complex, ever-changing system with no real-time visibility, while the ATO surges ahead, leveraging data-matching and automation, making tax harder to manage than ever.

TaxTank levels the playing field by transforming tax from a once-a-year burden into a seamless, year-round process. But it’s not just simplifying tax, it’s redefining how individuals engage with their finances. With real-time tracking, automated insights, and seamless advisor collaboration, it shifts tax from a reactive chore to a proactive strategy.

Founded by a Gold Coast tax specialist who has seen first hand the challenges individuals face, TaxTank’s vision is to empower Australians with the knowledge, tools, and confidence to take control, not just at tax time, but every day of the year.

Key features of TaxTank

• All-in-one tax management – Manage property, sole trader income, shares, and crypto in one place and calculate your full tax position in real time
• Smart data integration & market insights – TaxTank syncs transactions from 160+ banks, automating allocations with smart rules. CoreLogic integration delivers estimated market valuations and growth forecasts for real-time insights
• Custom property portfolios – Manage all properties, regardless of structure, with dedicated portfolios for land and short-term rentals like Airbnb. Track tax, cash flow, LVR, and equity in real time, move assets seamlessly, and capture key dates and market values
• Built-in compliance & legislation tracking – Stay ahead of tax law changes, grandfathering provisions, and ATO updates. TaxTank captures historical tax positions and adjusts automatically year after year
• Smart tax tools & automated reporting – Automate borrowing expenses, depreciation, and CGT tracking across all asset classes with real-time insights and ATO-compliant reports
• Permanent record-keeping & audit protection – Securely store receipts, documents, and tax records with every transaction, ensuring ATO-ready compliance.

TaxTank’s Property Tank gives investors a comprehensive overview of all the data they need for tax planning and monitoring the value of their properties over time.

Why has TaxTank connected to Sharesight?

Because tax and investment tracking should be seamless, user-focused, and free from manual drudgery. By uniting TaxTank’s real-time tax insights with Sharesight’s leading investment tracking, you get a complete, automated view of your entire portfolio; shares, property, crypto and more in a single dashboard.

No more juggling spreadsheets or manual updates. This innovation-first integration ensures real-time visibility into both portfolio performance and tax position, for more informed, tax-smart decisions throughout the year. It’s a user-centric approach that saves time, reduces errors and simplifies financial oversight.

Why investors should connect Sharesight and TaxTank

Managing diverse investment portfolios can be complex, especially when combining shares with property assets. While Sharesight excels in tracking shares and listed investments, integrating property portfolios has remained a manual process. Our partnership with TaxTank fills this gap, offering a streamlined solution crafted specifically for property investment oversight, complete with robust, purpose-built tools that make property tax compliance a breeze.

“Tax reporting is one of the key challenges that many investors face, especially those with multi-asset portfolios,” says Sharesight CEO Doug Morris.

“Property tax can be particularly complex, requiring investors to keep track of far more than just their rental income and transactions. Our partnership with TaxTank helps simplify tax reporting for multi-asset investors by combining Sharesight’s powerful performance and tax reporting for shares, ETFs and funds with TaxTank’s property tax management and compliance tools — creating a seamless, integrated experience.”

Key benefits of the integration

• Effortless property data syncing – Automatically sync market values, rental income and CGT data from TaxTank into Sharesight, ensuring daily updates on property performance alongside your investment portfolio
• Automated capital gains tax (CGT) calculations – Sync investment data from Sharesight into TaxTank to automatically calculate both incomes and CGT across all asset classes, including shares, property, crypto and non-listed assets year-round
• Improved data integrity – Seamless syncing ensures precise, consistent records across all assets, eliminating manual entry while enhancing accuracy and saving you valuable time
• Real-time tax & investment insights – Gain unmatched real-time insights with automated tax and investment reporting. Track your tax position, analyse CGT impacts and make data-driven decisions to enhance both investment performance and tax efficiency year-round
• Simplified advisory services with real-time data – Give advisors real-time access to all assets, enabling smarter decision-making, proactive tax strategies and tailored investment planning.

An example of a Sharesight portfolio that is connected to TaxTank, displaying the full picture of the portfolio’s value inclusive of shares, ETFs and properties.

How to connect Sharesight and TaxTank

To learn how to connect Sharesight and TaxTank, see the instruction video here:

Or for more information, see the instructions and FAQs on the TaxTank website.

Get started with Sharesight and TaxTank

Exclusive offer for Sharesight users

All Sharesight users are eligible to receive Holdings Tank for free for the first 6 months, providing seamless CGT tracking across all asset classes. This offer is valid until 30 April 2025.

Start your free trial today and experience the future of tax and investment management with TaxTank and Sharesight.

Click here to claim the offer and start your free trial.