You usually have to pay taxes on the value of anything received in lieu of wages.
I believe it’s not taxable if your employer owns the property, which Gus does… but living there must also be a condition of employment.
It seems crazy… but the tax code is so complicated, you need a contract spelling everything out…. and probably a lawyer to figure out how to be sure it’s tax free.
It’s possible that you do, Claire.
You usually have to pay taxes on the value of anything received in lieu of wages.
I believe it’s not taxable if your employer owns the property, which Gus does… but living there must also be a condition of employment.
It seems crazy… but the tax code is so complicated, you need a contract spelling everything out…. and probably a lawyer to figure out how to be sure it’s tax free.