Income
Complete the following items where applicable:
Gross interest
At F write the amount of interest received or credited during the income year.
Exclude interest from proprietors for late payment of levies.
Gross rent and other leasing and hiring income
At G write the total of these types of income received.
Individual proprietors may be taxed on this type of income, rather than the body corporate, where it is income from common property.
Other gross income
At R write the total of other gross income, for example, inspection fees or access fees, except where received from a proprietor. Do not include receipts that are subject to the principle of mutuality.
Total income
At S write the total of amounts shown at F, G and R.
See also:
- Taxation Ruling TR 2015/3 Income tax: matters relating to strata title bodies constituted under strata title legislation