Income tax: will a strata title body corporate be taxed as a non-profit company if it includes non-profit clauses in its by-laws?
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Notice of Withdrawal
2. TD 93/73 explains that a strata title body corporate will not be taxed as a non-profit company even if it includes non-profit clauses in its by-laws as the overarching State or Territory legislation permits distributions to members in certain circumstances.
Commissioner of Taxation
25 March 2015
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Income Tax Rates Act 1986 3(1)
Nadir Pty. Ltd. v. FC of T
(1973) 3 ATR 655
73 ATC 4074
129 CLR 595
18 ATR 3279
87 ATC 370
21 ATR 3117
90 ATC 160
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).