Hi
Quick question for those in the know...
If i receive money from a friend who will be living with me for a few months at my PPoR, does this become "taxible income" for ATOpurposes? The idea is really to simply to help offset costs of food/heating etc, but fear the tax office might not see it the same way and might consider it "rent".
Has anyone had experience with this issue, or can shed light on the issue?
Cheers
Jom
Quick question for those in the know...
If i receive money from a friend who will be living with me for a few months at my PPoR, does this become "taxible income" for ATOpurposes? The idea is really to simply to help offset costs of food/heating etc, but fear the tax office might not see it the same way and might consider it "rent".
Has anyone had experience with this issue, or can shed light on the issue?
Cheers
Jom