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E Did you have any body corporate fees?

Last updated 19 October 2015

No

Leave blank and go to label F

Yes

Calculate your deductible body corporate fees and write the amount in the boxes provided. Do not show cents.

What you need to know

Payments to a special-purpose sinking fund are usually to cover the cost of capital improvements or capital repairs and are therefore not deductible. (You may be able to claim a capital works [special building write-off] deduction for the cost of capital improvements or capital repairs once the cost has been charged to the sinking fund -see label R).

You can only claim an expense once. If body corporate fees cover expenses that can be shown elsewhere on the schedule -for example, maintenance of the gardens and insurance on the building -write the total amount of fees at E. Do not show these amounts twice by including them here and also at labels J or K.

QC27495