Can I Claim Body Corporate Fees as a Tax Deduction?

Quick Answer

Yes, you can claim body corporate fees as a tax deduction if they relate to the maintenance and management of your investment property. These fees are considered a necessary expense in generating rental income. However, fees for capital improvements or special levies may not be deductible and should be added to your property's cost base for capital gains tax purposes. Consult your accountant for specific advice.