It may seem an easy way to create a passive income, but there are tax-related consequences to renting out a room. Photo: Shutterstock
The perils and pitfalls of renting out a room
If you thought renting out a room was a simple way to make money, you’ve clearly not kept up with Australia’s tax regime.
The only thing missing from the ATO’s mathematical paroxysms on the subject are some logarithms and a side order of fries.
With people across the country looking for new ways…
