All Topics / Help Needed! / First Home. Renting out while I am living there- Tax and FHOG affects ?

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  • Profile photo of Laura789Laura789
    Member
    @laura789
    Join Date: 2010
    Post Count: 2
    May 18, 2010 - 11:43 am

    Hi my partner and I just purchased a property in Melb.
    We paid 475,000 for it.

    I am planning on living there while my partner works in the mines
    I am wanting to get someone or a couple to live with me as soon as I move in, which is next month.

    As we got the first home owners grant is this allowed ?
    What is the tax I would pay
    Was going to charge 220 for the couple

    I am so new to this….
    any help is appreciated

    Profile photo of sonyasalsonyasal
    Member
    @sonyasal
    Join Date: 2008
    Post Count: 421
    May 18, 2010 - 12:15 pm

    This is a bit of a 'grey' area. My friend has students rent rooms in her house and for taxation purposes and as far as centrelink goes the rent they pay is not seen as income. i am not sure who you would need tp speak to to clarify this issue.

    cheers

    Sonya

    Profile photo of itsandrewitsandrew
    Participant
    @itsandrew
    Join Date: 2007
    Post Count: 294
    May 19, 2010 - 2:34 am

    Hi all,

    I've always wondered something about this.  Is there a difference between having a boarder versus renting out a room?  Or is it the same thing? 

    Andrew

    itsandrew

    Go as far as you can see and you will see further.

Viewing 3 posts - 1 through 3 (of 3 total)

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