Hey got a question for tax people.
Before everyone says its illegal and tax evasion im not doing it yet just asking the question.
I have two spare rooms available in my house and im currently living there. I have two mates looking for a place to live where I could rent out a room for 150 each direct debited into my bank. Would the tax man catch on to this ? or is cash in hand better.
If so how is this any different from me transfering my mum weekly board when I lived there.
I read the Smh article where lots of people do this but cgt and finds apply if caught out.
Before everyone says its illegal and tax evasion im not doing it yet just asking the question.
I have two spare rooms available in my house and im currently living there. I have two mates looking for a place to live where I could rent out a room for 150 each direct debited into my bank. Would the tax man catch on to this ? or is cash in hand better.
If so how is this any different from me transfering my mum weekly board when I lived there.
I read the Smh article where lots of people do this but cgt and finds apply if caught out.
renting rooms out in my house.
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