Tax on rental income

Kynthia

Thanks for the link ceeforcat. It's very useful information to have. :beer:

"Joint owners who are not a legally married couple may agree to share rental income in different proportions to their legal ownership of the property (perhaps because one of the investors is carrying out the management of the jointly held portfolio). The Income Tax treatment should follow the agreed profit sharing arrangements. It is wise to document your profit sharing agreement in order to avoid any dispute, however."