› Flat Chat Strata Forum › Finance, budgeting and loans › Strata Plan Monies in Investment Account › Current Page
02/09/2021 at 5:51 pm
#58179
I see there is a long ATO Ruling on taxation of Strata Schemes. From my amateur reading it seems to suggest that interest income is OK to treat this way, but if the scheme makes income from common property (eg renting the roof space for a mobile phone tower) then that needs to be distributed to owners.
Income is income (interest counts but levies don’t). Have a look here.
By the way, your link to a Google search didn’t work and was removed. You have to post the web address of the page you found, not the address of the Google search that found it.