PropertyInvesting.com | narcissusford | Activity https://www.propertyinvesting.com/members/narcissusford/activity/ Activity feed for narcissusford. Fri, 17 Apr 2026 15:12:08 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 8cc59fc144c39d3511e6568ecfc09d83 narcissusford replied to the topic "Income" from housemate/tenant/boarder in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401633-income-from-housematetenantboarder/#post-4634820 Fri, 29 Oct 2010 00:47:19 +0000 Thanks Annemarie (and all others who responded).  I think I now have enough information to make an informed decision.  Cheers

]]> 7c3d43f2b23801c6888034d30582d97f narcissusford replied to the topic "Income" from housemate/tenant/boarder in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401633-income-from-housematetenantboarder/#post-4634815 Mon, 25 Oct 2010 23:27:33 +0000 Thanks again for the replies.What are the consequences to me if I do not declare this as income and I am subsequently audited and the ATO takes the view that I should have disclosed this as assessable income?  Will I be committing an offence?

]]> 6042e41a277da679d2e8b7a19c3ef135 narcissusford replied to the topic "Income" from housemate/tenant/boarder in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401633-income-from-housematetenantboarder/#post-4634813 Sun, 24 Oct 2010 21:23:20 +0000 Thanks for your reply.

By market rate I mean that he is paying a fair rate for the room and that I have not discounted the rent as I would if he were a family member. Also, the rent is fairly high (I live in the city and he has the master bedroom) and I think it would be difficult to categorize this as contributions to household bills only (aka…[Read more]

]]> 88c279f1a6297ceeb63bf16efbd15691 narcissusford started the topic "Income" from housemate/tenant/boarder in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401633-income-from-housematetenantboarder/ Sun, 24 Oct 2010 10:17:16 +0000 Hi all

I purchased my PPOR on 13 November 2008.  I moved in on this day and a mate joined me a month later.  My mate paid market rent which I declared on my tax return for the 2008-2009 tax return.  He moved out on or around 30 June 2009 and I stayed in the PPOR by myself for the 2009-2010 tax year. 

About three months ago, another mate mov…[Read more]

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