Working for rent.

[briggsy's girl]

If you are only claiming ftb, it will come down to what the ato deem as income

I'm assuming he would be deemed as self employed, and would essentially have income of x amount (rent) and then deductions. So I'm with div - definitely check what the implications are financially for you guys. He may find himself working two full days and being out of pocket half the amount you would have paid in rent on "expenses" - possibly even more.

If he is interested in contract work he is probably better off with more transparency - he gets paid x amount and then you pay your rent as normal. It will be much more clear cut that way.

[Kazzo]

Okay, Thanks.

It is all a bit different and not so straight forward and as far as I know, DH was told PI would be the only one he needs. He would not be on the books and the house would cease to be too. It would also not be his only work he would also be working 3 days a week and travelling OS 18 weeks of the year (already does this part).

But your right Divy, need to sum it up and find out from an third party what insurance we would need. There was no talk that DH would actually have it as his own business, that he would actually just be trading services in a way. Does that make sense?

[Mummato2]

It sounds like they are trying to keep the rental off the books as income and keeping your DH's 2 days undeclared.

I'd be treading carefully. Get the details in an email or other and then suss it out.

[Mummato2]

If your DH is considered a contractor, he would need an ABN etc.