Hi Investor friends, I recently bought an apartment as my PPOR, my housemate from my previous rental accommodation has moved with me and he pays me rent. He has his own room and bathroom and we share common areas. The furniture throughout the shared areas is predominantly mine. We evenly split all utility bills. According to the Consumer and Business Services department this situation is classed as 'boarding and lodging' rather than a rental tenancy so no paperwork needs to be filled out (and no bond needs to be lodged). I'm under the impression though that the income earned from my housemate should be lodged with my tax return, and therefore I can also lodge the interest paid, depreciation etc as with any other investment, but apportioned based on the living space occupied by my housemate. I understand that this would mean my CGT should I sell the property would also be apportioned. Is this correct? Or have I completely missed the point?