A strata title body corporate operates under an arrangement of principle of mutuality. The Australian Taxation office treats a strata title body corporate or an owner’s corporation as a public company for the purpose of taxation even though such an organization is not setup with an intention to carry on a business activity or profitability. For more details, please click herewww.a1accountants.com.au/blog/2019/02/14/owners-corporation-tax-return-strata-title-body-corporate-tax-return/
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