Hi everyone, just hoping to get some good advice here. My situation: I have managed to buy a house as a PPOR 6 months ago after saving up for some years. The thing is that I have been renting with 2 of my very good mates since my uni days prior to this and when I bought this house, I have asked them to move in with me until they can find/afford their own places. One of them had bought a place of his own and moved out now. One of them is still staying with me at the moment. For the past 6 months, we have been sharing the utilities bills and some shared costs on the house. I don't charge them monthly rent (no contract whatsoever) but one of them just transferred a rather huge sum of money to my account because he feels bad that he is not paying rent for past 6 months. Now, I am just wondering if this amount of money transferred will be considered as 'rental income'? He did put 'Rent' on the transaction description to my bank account. I understand he is doing this out of good intentions but how will this affect my tax position? Do I need to declare that amount of rental income now? Is this going to affect my CGT in the future? Really do appreciate any sort of advice, I will be more than happy to transfer the amount of money back to him because I really do want to retain my CGT privileges as a PPOR.