I am renting a home, inside which i rent a bedroom on airbnb sometimes. How do I declare that ?

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Taxduck · Answer

Renting a room to help share the cost of the total rent on the dwelling is not taxable income for you unless you make a profit from the arrangement. If the total you receive is equal or less than the rent you pay to the landlord there is nothing to declare. Whether you do that on a long term or short term subletting basis (e.g through Airbnb) is not relevant. If you make a profit, where on the tax return is it declared? Wouldn't be rent as that is for a property you own. Wouldn't be business. It's not income from working. Probably item 24 (other income) 24 Other income 2024 | Australian Taxation Office (ato.gov.au) (https://www.ato.gov.au/individuals-and-families/your-tax-return/instructions-to-complete-your-tax-return/paper-tax-return-instructions/2024/supplementary-tax-return/income-questions-13-24/24-other-income-2024)

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