Home unit companies have reduced annual return fees
A home unit company is a proprietary company whose sole function is to act as the body corporate of a block of flats or units. The company operates as a body corporate to administer the property and to facilitate, protect and enforce the rights of company members concerning the exclusive occupation of the residential areas and maintenance of the common areas.
Home unit companies are a type of special-purpose company and subject to a reduced annual return fee of $55.
Similar posts you may like
- 6 Strategies To Promote Tax Planning Services To Your Clients
Have 5 different Tax Planning leaflets on display in the reception area of your office. Some clients will then pick them up and read Read more
- A Window Tax Was Introduced in 1696
The window tax was a property tax based on the number of windows in a house. It was designed to impose tax relative to Read more
- Budget reliance on tax paid by wealthy Australians
Australia’s budget is heavily reliant on the 1% of Australians who earn more than $350,000 per year. That is 82000 men with an average Read more
- Get a Will
Arguably, a Will is the most important financial asset for yourself and your family. It’s worth more than your house, your car, and your Read more
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2