#58183
Jimmy-T
Keymaster

    I’m happy to go with what strata lawyers and tax expert Tony Cordato said in that article:

    “Apartment owners are ‘mutual owners’ of the strata title body and own the common property mutually. As a result, strata levies are not treated as assessable income of the strata title body for income tax purposes.

    “However, income from common property is treated, not as mutual income of the strata title body, but as assessable income of the individual owners.”

    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.