Hi Community
I have read a few posts and been confused with the domestic arrangements term. My cousin is a uni student; she moves out of her parents' house interstate to live with me in my own unit (heavily mortgaged) to go to uni. She's asked me to sign a form for her to receive Rental Assistance while she is studying. Saying she pays me $300/week. Would I be charged for taxable income from what she gets from Centrelink? She declares it as "Lodging Only" but it does include all the bills around the house and some household amenities. I would not want to treat my PPOR as an investment or get CGT tax later. Would the lodging amount be shown on my tax return?