Have Australian Law Questions? Ask a Lawyer Now.
Dear customer, my name is***** solicitor, thank you for using Just Answer, I will assist with your question today. Please allow me a few moments to review your post and I will respond accordingly.Kind regardsJohn Melis
Please advise more detail on your matter?Kind regards *****
Dear customer, this can be argued as living expenses as you are a couple in a relationship and therefore not taxable.If you were not a couple and the intent was to rent a room for revenue, then technically you need to declare that income, which would then be taxable.Kind regards *****
Adding to what nay colleague has said in order for the payments to be declared in you income tax return they have to be assessable income.
The ATO defines assessable income as
In your circumstances what you are describing is not assessable income and you have not characterised as assessable income but contributions to daily expenses and as you are a couple it would be seen that there is no nancy agreement between you and he is not a tenant.
If he is renting from you under a sublease then the income must be declared and also a share of the expenses set out as deductions.
I hope this gives you greater insight.
Dear customer, generally the best advice on tax matters is to obtain a written report from your accountant. However the advice that you have received in this forum is correct.Kind regardsJohn Melis
Dear customer, if you would like to discuss this matter further, I welcome you to request telephone services.Don’t forget to rate my service.