Search results

The agreement is part of it. Payment more important I might argue. Its like paying the LL in cash without a receipt. You cant later argue that you are paid up to date.

Reality is if ATO subjected this to scruitiny it would probably fail as a private arrangement. No rent is being paid. So deductions aren't deductible. The ATO do ask for proof rent is being paid when related parties are involved. No rent = no income. No income = no deductions. Its easy.