furbibi Posted October 22, 2018 Share Posted October 22, 2018 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:) Quote Link to comment Share on other sites More sharing options...
Marisawright Posted October 22, 2018 Share Posted October 22, 2018 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. Quote Link to comment Share on other sites More sharing options...
rammygirl Posted October 22, 2018 Share Posted October 22, 2018 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. Quote Link to comment Share on other sites More sharing options...
furbibi Posted October 22, 2018 Author Share Posted October 22, 2018 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. Quote Link to comment Share on other sites More sharing options...
Marisawright Posted October 23, 2018 Share Posted October 23, 2018 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. Quote Link to comment Share on other sites More sharing options...
MaggieMay24 Posted October 23, 2018 Share Posted October 23, 2018 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. 1 Quote Link to comment Share on other sites More sharing options...
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