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  1. Propertunity

    First Home Owner Transfer Duty Exemption, PPoR, CGT and a Lodger

    This is the flaw in your argument. If you declare the income from the lodger, then you are also entitled to claim the expenses. i.e floor m2 area of his/her exclusive rights bedroom as a % of the mortgage as a minimum. This would almost certainly be more than the board they are paying you...
  2. Propertunity

    First Home Owner Transfer Duty Exemption, PPoR, CGT and a Lodger

    Correct Don't declare it and don't claim expenses associated with it either. You are not running a "boarding house" which would be a business and therefore you'd declare income & expenses. But taking in 1 boarder on a casual basis is not a business. No CGT implications, it is a private...
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