Income from renting rooms in your own home is taxable. Examples include income from:
- foreign language students
- holiday makers
- paying guests
Flat rate deduction
Declare the total income you've received on your personal tax return and we'll give you a flat rate deduction in your income tax assessment as follows:
|25% deduction||50% deduction|
This flat rate deduction applies to small scale activities. It doesn't apply to registered guest houses.
Concessions and practice: lodgers and paying guests
Filling out your tax return
If you need help filling out the renting a room in your home section of your tax return watch our help video.
Renting a room in your home: tax form help