Can I rent out a room to my relative within 6 months if I have received the FHOG?
(Sydney NSW Australia)
I read your questions and answers, very helpful.
However, I still want to ask further if I could rent a room to my relative after 3 months of the property settled provided I have been living in the property all the time.
We share the bills, the rent is also 50% of the market rent. The property is in NSW.
I have received FHOG. The property and the mortgage are both under my own name, nothing to do with the tenant.
In this case, am I allowed to rent and claim for tax return?
Appreciate your response and many thanks.