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Paying for having Tax returns done. Strata Plans are all required to lodge Tax returns, so investment account or not. you still lodge one. So no savings on having the return done regardless of having or not having an investment account, as inhouse tax returns are usually a set fee.
“Strata Plans are all required to lodge Tax returns”
That is not true. Read the response from JodiH here: ATO community forum: tax return for strata group.
I am in charge of a self-managed strata plan. Our only income is levy income. I called the ATO and told them that we only have levy income. They marked our file so that we no longer have to submit tax returns. I had to put this request in writing.
This all started when I noticed that the strata manager was paying a taxation agent $130 every year to submit a tax return with zero income. We’d been paying $130 p.a. for an unnecessary tax return for over 20 years. I also noticed that the tax agent’s surname was the same as one of the staff at the strata manager’s office … one of many reasons we decided to become self-managed.