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  • Strata title bodies corporate instructions

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Strata title bodies corporate are treated as public companies under the tax law and are required to lodge a tax return for any year in which income is earned. For a full explanation of the tax treatment of Strata title bodies corporate refer to Taxation Ruling IT 2505, Taxation Determinations TD 93/7, TD 93/73 and TD 96/22.

    If the strata title body corporate has:

    • net capital gains
    • losses brought forward from earlier income years claimed as a deduction
    • overseas transactions or interests and/ or
    • needs to make an interposed entity election

    use the Company tax return 2002. You cannot complete your tax return using the Strata title body corporate tax return 2002.

    Last modified: 02 Oct 2019QC 27434