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Reply: 2.1.1.1.1.2.1.2.1 From: Dale Gatherum-Goss Hi Owen Be careful, the courts are not stupid and will look at the facts before them. Use the law where you can, but, be clever about it. Have fun Dale

Reply: 2.1.1.1.1.2.1.1.1.1.1.1 From: Dale Gatherum-Goss Hi Lan No, you don't need to issue receipts, just keep good records of your own. Bye the way, the tax office will assess you on the market value of the rent when friends and relatives are involved, regardless of the rent actually...

Reply: 2.1.1.1.1.2.1.1.1.1 From: Dale Gatherum-Goss Hi Rae! Yes, it does. As always, keep good records of everything including dates where you effective move out and the property is only used by the tenant. Good luck, have fun and come home safely Dale

Reply: 2.1.1.1.1.2.1 From: Dale Gatherum-Goss Hiya Jas! I'm sorry if I've caused some confusion. As you know, the tax rules are never simple and very much open to interpretation . . . As I understand the rules, your home is your PPOR and therefore exempt from CGT. Yes, at face value, if...

Reply: 2.1.1.1.1.1.1 From: Dale Gatherum-Goss Hi Mark! "if you purchase a premises as an owner occupier(lets say a two bedroom unit for ease of explanation), and you rent one bedroom out (rent, board or whatever) you can declare your unit as being half for investment purposes and therefore...

Reply: 2.1.1.1.1 From: Dale Gatherum-Goss Hi Daniel It is possible for the owner to claim that the house was always their PPOR and therefore not subject to CGT. This is so regardless of whether the tenant was there or not. Does this help? Dale

Reply: 1 From: Dale Gatherum-Goss Hi Rae! Congrats on the purchase. You will declare this property on your income tax return and in doing so, you show the income that you've earned and a percentage of the expenses incurred in the same percentage as the property available for use by the...