Announcements
Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
Still not sure? Ask the Community

ATO Community

Re: Rent or Domestic agreement?

Newbie

Views 263

Replies 1

I'm thinking of lodging with my parents. They own the house and would be living with me. If I were to give them say $150 a week towards my living expenses am I right in thinking this is a domestic agreement and they will not need to report this income?

1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

Taxicorn

Replies 0

@DaisyGirl 

 

Sounds lke a "Domestic" arrangement.

 

1 REPLY 1

Most helpful response

Taxicorn

Replies 0

@DaisyGirl 

 

Sounds lke a "Domestic" arrangement.