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| *Ostroff, Fair and Company>>>Australia Taxes |
Can anyone tell me how the Living Away from Home allowance works? |
Can anyone tell me how the Living Away from Home allowance works? The away from home rate is available to students who must live away from their parental home to study but do not meet one of the provisions for independent status. The rate is not available simply because a student chooses to live away from home. Students eligible for the `away' rate are subject to the student and parental income, assets tests and family actual means tests. Follow the link below for a full description. Source(s): http://www.dest.gov.au/archive/schools/a... A living Away From Home allowance is paid by employers when they require an employee to work in area that is different to their normal workplace and the employer pays the costs to the employee for living away from home. EG I work and live in Melbourne and after a few months the Company requests me to go to Regional NSW for a few months to do some work there. They pay me an allowance for the costs of living in regional NSW because they have requested me to work there for a time. It is not a claim you can make in a tax return or any other means of claiming it. It is an allowance paid by an employer to an employee that is not subject to tax by the employee. http://www.hrblock.com.au/tt_general.asp... |
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