Your strata profits are taxable – and it’s personal

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  • 06/10/2020 at 12:20 pm #52416 Reply | Quote
    Jimmy-T
    Keymaster

      Last week we wrote about the clever apartment owners in Bondi who sold common property air space and converted unused storerooms to saleable units, all to fund a major upgrade of their building. It’s a terrific outcome for all concerned,  but there are tax implications for the owners – and it may well be personal. …
      https://www.flatchat.com.au/tax-shock/

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    Reply To: Your strata profits are taxable – and it’s personal
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

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