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Li.He(Newbie)Newbie
30 July 2024

I rent out rooms to tenants (housemates) in the house where I myself also live. So if I continue to rent out rooms to them for over 6 years, then I will be liable to pay capital gains tax when I sell my house sometime down the road.


My question is, if I do not claim any rental related expenses at all during the time I rent out my rooms, am I still liable to pay capital gains tax when selling the house?

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211 views
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Bruce4Tax(Taxicorn)Taxicorn
30 July 2024


My question is, if I do not claim any rental related expenses at all during the time I rent out my rooms, am I still liable to pay capital gains tax when selling the house?


Yes


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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
30 July 2024


My question is, if I do not claim any rental related expenses at all during the time I rent out my rooms, am I still liable to pay capital gains tax when selling the house?


Yes


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Do I need to pay Capital Gains Tax for my rental property if I don't claim expenses at all? | ATO Community