Reporting Airbnb income to government (eg. Centrelink Australia)
Hi, I am a senior person (pensioner) hosting in Australia. I am wondering about reporting my Airbnb income to government and the impact on my government age pension:
- how do you report income that is unpredictable and variable
- how often should you report
- can the income be split between myself and my spouse to reduce the impact on our pensions.
Any advice based on practical experience of this topic would be most welcome.