Private ruling: Assessability of income received from a home stay arrangement
Date of advice: 12 June 2020
Published: June 2020
Ruling period: Year ended 30 June 2019
Date scheme commenced: 1 July 2018

Ruling: Q1: Is the income you receive under a home stay arrangement assessable income? | A1: 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.

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