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.