Search results

  1. W

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

    I understand all that, and understand your concerns. We have just gone through exactly this when our son bought his first PPOR. After reading on this forum, it appears to be the "accepted wisdom" that by having a friend live with him, sharing "expenses" as opposed to "paying rent", then he...
  2. W

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

    We would never have guessed :rolleyes::D
  3. W

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

    I wouldn't be claiming any income or making any deductions. I wouldn't be making it more complicated than it needs to be. As far as I know, and from what has been said on this forum, the ATO is not worried about you having someone live with you and contribute towards your expenses. It would be...
  4. W

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

    My son is in this situation and a school friend is staying there to help with bills and from all I have read here this is acceptable to the ATO. Why not look for a friend, friend of a friend as opposed to a stranger or lodger? My son is not trying to do anything wrong, is not claiming any...
  5. W

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

    Just get a friend in, have them pay towards your expenses, don't claim any tax deductions and don't declare it. It is a friend staying with you. End of story. Don't make it complicated. My understanding is that this is okay by the ATO.
Back
Top