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Thanks Paul. I'm confused though, what is cost base? :confused:

If he didn't live with us, we wouldn't have the room occupied. The space was not advertised, we were initially helping him out in between places and then its lasted awhile (years). There is no formal rental agreement. The EFT has only just begun (previous was cash) and does not say "rent". I...

Hello everyone! I have a friend who lives in one of the rooms of my 3 bedroom PPOR. My partner and I share a bedroom, and the third room is a guest room. Everything else is communal. My friend pays us weekly "rent" via bank transfer. This "rent" is below market for the area...