Can you claim 100% of a special levy on a strata rental property ?
235 views
235 views4 replies
4 replies
235 views
4 replies
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
Yes, you can claim as much of the levy as you have paid, in the applicable tax year. There may be some advantage or doubt if the levy due date and the date you pay are in consecutive different tax years. I could be wrong.
All replies
Depends on what the special levy was for, and whether the BC spent the money in the same year.
Yes, you can claim as much of the levy as you have paid, in the applicable tax year. There may be some advantage or doubt if the levy due date and the date you pay are in consecutive different tax years. I could be wrong.
Link explains
Body corporate fees and charges | Australian Taxation Office (ato.gov.au)
From above link.
"..if the body corporate requires you to make payments to a special purpose fund to pay for particular capital expenditure, these levies are not deductible."
Featured articles
22 Apr 2024 · 6 min read time
15 Apr 2026 · 5 min read time
15 Apr 2026 · 4 min read time