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Will put both on the lease as I am confident in the relationship(s) involved. Will get written rent appraisals as per my standard process and will use the appropriate one ;) regards Mike

Thanks Propertunity, My thoughts were as long as I keep it on a commercial basis I should be OK, just wanted to tap the collective wisdom of SS in case there are some bear traps. KK - good question, but I never underestimate the systems the ATO have these days for cross checking info...

What are the tax implications of renting an IP to a family member (22 yr old son & partner) ? Rent would be based on written quotes obtained from Property Agents and correct tenancy agreements, bonds etc would be in place. The arrangement is mutually agreeable to both of us, but would the ATO...