#51988
Jimmy-T
Keymaster

    My understanding from reading a few years ago is that you need to look at a tax ruling on strata income. It is readily available but I don’t have it at my fingertips.

    Here it is. The irony is that you can be assessed for tax on the your share of the income from letting common property but you are unlikely to ever see the money, except via reduced levies.

    But many strata schemes rent their roof space to telecoms companies and just pay any taxable amounts as if they were compnay.

    The biggest obstacle to this plan would be if your local council decided it would rather not have advertising on the side of your block.

    The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.