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AvaLillie(Newbie)Newbie
17 July 2024

International students are renting part of my home (2x room) for $450 per week. Do I need a proof like rental agreement so that I could report the rental income received? What expenses can I deduct? Thanks.

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1 replies
254 views
1 replies

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Most helpful reply

MelATO(Community Support)Community Support
19 July 2024

Hi @AvaLillie,


You don’t need to include a copy of the lease agreement on the tax return, only the rental income.


You should keep copies of all lease agreements and tax records for 5 years.


You can apportion expenses based on the floor area solely occupied by the tenant.


You can claim deductions such as:

  • property insurance
  • cleaning and maintenance costs
  • Council rates.

You can only claim expenses for the days in a year when the room was rented.



All replies

Most helpful reply

MelATO(Community Support)Community Support
19 July 2024

Hi @AvaLillie,


You don’t need to include a copy of the lease agreement on the tax return, only the rental income.


You should keep copies of all lease agreements and tax records for 5 years.


You can apportion expenses based on the floor area solely occupied by the tenant.


You can claim deductions such as:

  • property insurance
  • cleaning and maintenance costs
  • Council rates.

You can only claim expenses for the days in a year when the room was rented.



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Renting part of residential home | ATO Community