Income tax: under what circumstances is a strata title body corporate required to lodge an income tax return?
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Notice of Withdrawal
2. TD 93/7 explains that a strata title body corporate is required to lodge an income tax return where they derive assessable income. Mutual income is not assessable income so where the only income is mutual, the strata title body is not required to lodge a return.
Commissioner of Taxation
25 March 2015
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exemption from lodging returns;