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Calculation statement

Last updated 1 October 2019

Taxable income

Show at label A the amount shown at item 7, label T-Taxable income or loss.

Gross tax

Show at label B the amount of tax payable before the allowance of any credits. The company tax rate is 30%.

Tax payable

Show at this label the amount shown at label B-Gross tax.

PAYG instalments raised

Show at label T any PAYG instalments that have been raised for the current year tax liability.

Tax withheld from interest/investments

Show at label Y any amounts deducted from investment income because a TFN was not provided to the investment body.

Total of labels T and Y

Show at label R the total of amounts shown at labels T and Y.

Total amount of tax payable or refundable

Show at label S the amount of tax that is payable or refundable.

Note: Payment information

Payments must reach the Tax Office by the due date. Send your payment to the address on your payment advice. If you have not received one, see Payment options for payment addresses. Do not send your payment with your tax return, see Postal addresses for lodgment.

Hours taken to prepare and complete this tax return

The Tax Office is committed to reducing taxpayers' costs involved in complying with their taxation obligations. By completing label J you will help us to monitor these costs as closely as possible. Your response is voluntary.

When completing this item consider the time, rounded to the nearest hour, that the strata title body corporate spent:

  • reading the instructions
  • collecting the necessary information to complete this tax return
  • making any necessary calculations, and
  • actually completing this tax return and/or putting the tax affairs of the strata title body corporate in order so the information can be handed to their tax agent.

Your answer should relate only to the time the strata title body corporate and tax agent (if you have one) spent preparing and completing the tax return, including the time of any unpaid helpers. Tax agents preparing this tax return on behalf of their client should consult with them to obtain a reliable estimate.


The public officer is responsible for doing all things required by the company under section 252 of the Income Tax Assessment Act 1936 or the Regulations. In case of default they are liable to the same penalties. For example, the public officer is responsible for lodging the company tax return. If the tax return is lodged late the public officer may be liable for a late lodgment penalty.