Hello,
This is the first time ill be dealing with Centrelink at tax time and I just have a few questions.
I'm currently receiving Youth Allowance as a student, as well as rent assistance.
I understand I need to declare my Youth Allowance income as my gross income at the end of financial year, however, I was wondering if I need to declare the Rental assistance I've been receiving? or is it considered non-taxable income?
If it is non-taxable, would I just leave it out completely in my tax return? Or will it still be assessed somehow?
Thankyou so much for your time :)