Is Late fee on body corporate tax deductible?

 Author: Cheeku08(Initiate)Initiate

22 May 2025

Hi,

I recently paid my body corporate fees late and now owe a late fee of $342. I am wondering whether this late fee is tax deductible or if it should be treated as non deductible.

I came across a statement that says, "Non Statutory bodies are not permitted to impose penalties. They can charge you, for example an admin fee or a late payment fee but these are not classified as fine for Australian tax purposes and thus, are deductible."

Could you please clarify whether the late fee in this case is deductible for tax purposes?

(By the way I'm running a business as sole trader)

Thanks for your help!

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