How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask TaxRobin Your Own Question
TaxRobin
TaxRobin, Tax Consultant
Category: Tax
Satisfied Customers: 15730
Experience:  International tax
14155347
Type Your Tax Question Here...
TaxRobin is online now

When a rental property is jointly owned can the rental

Resolved Question:

when a rental property is jointly owned can the rental income be claimed by just one of the owners
Submitted: 1 year ago.
Category: Tax
Expert:  TaxRobin replied 1 year ago.
HelloIncome from property jointly owned by people who are not married or in a civil partnership is taxed according to actual shares owned. If the property is owned 50/50 then each must declare their share. You cannot choose to have the income taxed on an unequal basis because you think it would be to your advantage (for example because one of you pays tax at a higher rate than the other).
TaxRobin and other Tax Specialists are ready to help you
Customer: replied 1 year ago.
good
Expert:  TaxRobin replied 1 year ago.
You are most welcome.