Strata Manager

Tax tips for independent strata and body corporate managers.

Allowable Expenses

• Software — Strata management and accounting software.
• Professional Dues — SCA (Strata Community Association) fees.
• Travel — Visiting buildings for meetings and inspections.
• Home Office — Managing records and meetings from home.

Tax Tips

• Professional indemnity insurance is a deductible cost.
• Claim for your mobile phone and data usage.
• Keep track of all mileage to site meetings.
• Levy income collected on behalf of owners corporations is not your income — only your management fees are assessable. Levy accounts must be kept completely separate from your operating account at all times.

Frequently Asked Questions

Are SCA fees deductible?

Yes, professional association fees are deductible.

Can I claim for travel to night meetings?

Yes, travel to business meetings is deductible.

Are strata management fees I charge to owners corporations subject to GST?

Yes. Management fees, project management fees, and administration charges billed to owners corporations are taxable supplies. If registered for GST, charge 10% and report via BAS. Most active strata managers will exceed the $75,000 registration threshold.

Can I deduct the cost of AIQS or SCA training and certification?

Yes. Formal training, CPD, and certification costs associated with Strata Community Association or related property management qualifications are deductible as professional development expenses, subject to the $250 self-education reduction.