Quote:
Originally Posted by andrewp
Why does she need an ABN for renting out a property? Unless the property is owned in a business name, the rent she gets is just personal income and provided she declares that income on her tax assessment there isn't any issue with the ATO
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You are correct - individuals don't need an ABN for a residential property.
Lack of invoicing and statements?
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[COLOR=Black]Liberty GT Spec B tuned 240 HP & 372 Nm at the hubs.[/COLOR] "Instead of banning high performance cars - ban low performance drivers"
Last edited by GTB Liberty; 25-08-2011 at 08:01 AM.
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