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furbibi

Rent on 457

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Hi guys, 

It's the first time I post here, so please let me know if my message landed in the wrong section.

I'm on a 457 visa and I rent my unit in Australia through an agency. I'm going to Europe in February for over a month, and I wanted to rent my place using Airbnb. It's not something that I would do frequently of course, but it will help me save some money. The earnings from the rent on Airbnb will be paid to my overseas bank account, not my Australian one.

My questions are:

- As a temporary resident, am I allowed to rent my place for a short-term period?

- Do I have to declare it to ATO?

 

Thanks:)

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As a temporary resident, you are free to rent your own place.  However, as a tenant, you are probably not allowed to do so.  Check your tenancy agreement - it probably prohibits you from sub-letting.


Scot by birth, emigrated 1985 | Aussie husband applied UK spouse visa Jan 2015, granted March 2015, moved to UK May 2015 | Returned to Oz June 2016

"The stranger who comes home does not make himself at home but makes home itself strange." -- Rainer Maria Rilke

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On a 457 any income in Australia will be taxed by the ATO. Makes no difference which bank it goes into the income arises in Australia and you are a tax resident of Australia.


So many wineries ......so little time :yes:

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Hi, thanks for your reply. 

I asked the agent and he confirmed that I can rent it for a short period of time while I am away. My worry is that, being on a 457 visa and only entitled to receive income from my sponsor, I will do something against the law.

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3 hours ago, furbibi said:

Hi, thanks for your reply. 

I asked the agent and he confirmed that I can rent it for a short period of time while I am away. My worry is that, being on a 457 visa and only entitled to receive income from my sponsor, I will do something against the law.

If you take rent from someone, that is classed as income.  If you are not allowed to receive other income (and I'm not aware of the rule) then you would be breaching the conditions of your visa.


Scot by birth, emigrated 1985 | Aussie husband applied UK spouse visa Jan 2015, granted March 2015, moved to UK May 2015 | Returned to Oz June 2016

"The stranger who comes home does not make himself at home but makes home itself strange." -- Rainer Maria Rilke

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AFAIK, the visa condition is that you cannot work for any other employer.  I'm not aware of rental income being an issue.  Since it wouldn't be uncommon for people to rent out their overseas home while they come to Australia on a 457/482 visa, I assume rental income is ok.

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186 ENS Temporary Residence Transition - Granted Dec 2013 :biggrin:

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