Income tax – deductibility of expenditure – renting to flatmates
This Question We’ve Been Asked explains the extent to which a person can claim deductions for expenditure incurred in deriving rental income, where the person rents a room in their home to a flatmate.
It considers the possible application of the interest limitation, residential ring-fencing and mixed-use asset rules.
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|Income tax – bright-line test – main home exclusion – renting to flatmates||Current||13 June 2023|
Income tax – bright-line test – main home exclusion – renting to flatmates
13 June 2023