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  1. M

    Is money pay to teenage children for IP maintenance deductible?

    Thanks for the link - I will clarify with ATO as he is also looking to work at maccas next year.
  2. M

    Is money pay to teenage children for IP maintenance deductible?

    They will only get paid if they do real work (not Mum and Dad doing it for them). They don't have an ABN or contract, no insurance either. I never knew about $416 per year limit; any link to the ruling or ruling number, please, Terry? One of my children is over 18 and lodge tax return every...
  3. M

    Is money pay to teenage children for IP maintenance deductible?

    Thanks Kathryn, That was what I thought as well. Would make sure to check with ATO rulings before proceeding with the idea. MKP
  4. M

    Is money pay to teenage children for IP maintenance deductible?

    My children are growing up and its about time for them to learn some skills around the house. This year (during this holiday period) they are helping me with painting, deck oiling and other maintenance job at one of my IP. They have not demanded to be paid, but I think its fair to reward their...
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