Many families consider buying a property for an ageing parent to live in under a granny flat arrangement.

This episode covers a question from a listener over whether you can charge rent as part of a Granny Flat Arrangement. Nathan and Jordan unpack the difference between what is allowed under Centrelink rules and how the ATO views these arrangements.

They explain why charging rent can accidentally turn a family agreement into a commercial arrangement and trigger unexpected tax bills.

This episode is essential listening for anyone thinking about property, pensions, and supporting parents later in life.

Visit www.weavinggoldpodcast.com for more episodes, blogs and to get in touch.

Nathan:

[email protected]

www.nathanfradley.com.au

Jordan:

[email protected]

www.planningsolo.com.au

The information contained in this podcast is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.

Jordan and Nathan are both authorised representatives of PlanningSolo Licensing, AFS Licence 526143.