Rental Properties and Fixtures and Fittings

Anna Williamson

• 01 September 2026 05:36

Apologies if this has been asked before, but...
We have a valuation for a rental property showing a value of $800k.  The problem is that the value shown on the Operating statement shows, the property at $800k AND then another $4k for the fixtures and fittings - see report.  Do I just have to adjust the investment price to allow for the fixtures and fittings, OR is there another way simple fund will combine these to show $800k for the property value which will agree to the valuation, instead of showing $796k.?

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• Official comment

  

  Racquel Rose David

  • 07 September 2026 05:19

  Hi Anna,

  Thank you for reaching out to the Community!

  Simple Fund 360 treats the property and the fixtures and fittings as two separate investments, so it won't automatically net them off or combine them into a single figure that matches your valuation.

  Since your valuation of $800,000 covers the whole property (including fixtures and fittings), you'll need to split that figure between the two investment accounts so the total ties back to $800,000. That means adjusting the market value of the property investment down to $795,191.83, so that $795,191.83 (property) + $4,808.17 (fixtures and fittings) = $800,000 (valuation).

  There's no setting in Simple Fund 360 that does this split for you. It's a manual adjustment based on how you want to allocate the valuation between the property and the separately recorded fixtures and fittings asset.

  You can find more detail on how these separate accounts work here: Separate Depreciable Assets

  Hope this helps! Let us know if you have any other questions.

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