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Renting out room to boarder for PPOR -tax implications?
You should contact the ATO, because you should not feel you are doing anything wrong. Ask yourself this question: If the roommate wasn't on rental assisstance, and you didn't need to sign any forms, would you be declaring the "rent" or would you consider any payments to you as help, and not...- kathryn d
- Post #12
- Forum: Accounting and Tax
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Renting out room to boarder for PPOR -tax implications?
Hmmm...ok I thought it would fall under this: http://law.ato.gov.au/atolaw/view.htm?docid=ITR/IT2167/nat/ato/00001 "Occupancy of part of a residence on the basis of the occupants' sharing household costs such as food, electricity and cleaning, etc. 18. What will be decisive in cases...- kathryn d
- Post #6
- Forum: Accounting and Tax
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Renting out room to boarder for PPOR -tax implications?
Is she able to take a boarder/ roommate and not make any deduction claims, nor count it as income?- kathryn d
- Post #4
- Forum: Accounting and Tax