| Disclaimer This edited version has been archived due to the length of time since original publication. It should not be regarded as indicative of the ATO's current views. The law may have changed since original publication, and views in the edited version may also be affected by subsequent precedents and new approaches to the application of the law. You cannot rely on this record in your tax affairs. It is not binding and provides you with no protection (including from any underpaid tax, penalty or interest). In addition, this record is not an authority for the purposes of establishing a reasonably arguable position for you to apply to your own circumstances. For more information on the status of edited versions of private advice and reasons we publish them, see PS LA 2008/4. |
Edited version of private advice
Authorisation Number: 1051699073938
Date of advice: 12 June 2020
Ruling
Subject: Assessability of income received from a home stay arrangement
Question
Is the income you receive under a home stay arrangement assessable income?
Answer
No.
The income you receive for the students you have staying with you under the Home Stay arrangement is not assessable income in accordance with ATO ID 2001/381.
This ruling applies for the following period:
Year ended 30 June 2019
The scheme commenced on:
1 July 2018
Relevant facts and circumstances
During the 2019 income year you had X students staying with you under a Home Stay arrangement.
You had a X student for 6 months on and off while they were waiting to find another place to stay or go back to their country of origin.
X student was the friend of a Home Stay student.
You supply a bedroom, linen, meals, etc to the home Stay students.
Relevant legislative provisions
Income Tax Assessment Act 1997 Section 6-5