Hi everyone just looking for some clarification and a few answers to some questions - we’re looking at helping a friend out, coming to live with us in our spare room, they’ve offered to help pay bills and utilities whilst they get back on their feet. They’ve come to us with a rent certificate from Centrelink to verify their living arrangement on the premise that they need the welfare assistance - if we sign this does that mean it will be listed as private rent and we would need to declare on our tax return? We’re okay if this is the case as we want to help out but we’re concerned about our home (primary residence) would we still be exempt from CGT if we were to sell further down the track if it is listed as private rent via a rent certificate?
Thank you all :)