Hi everyone,
I've just moved to Australia and currently my main source of income is from rental income from several rental properties overseas owned by my parents who are also overseas.
I've been receiving 100% of the income and bearing every cost of the rental properties for years.
And I'm planning to continue to do it.
Should I include the rental income in my tax return?
If so, what kind of documentation needed to show that I actually receive 100% of the income and bear every cost?
Thanks!