Search results

Reply: 1.1.2.1 From: Dale Gatherum-Goss Hi I thought that the tax ruling was quite specific and I quote: 3. Co-ownership of rental property is a partnership for income tax purposes but is not a partnership at general law unless the ownership amounts to the carrying on of a business. 4...

Reply: 1.1 From: Dale Gatherum-Goss Hi Yes, it is the title that determines who may claim the expenses and thus if your properties are owned by one individual, then, the interest and other costs will be attributed to the individual who is shown on the title. I hope that this helps. Dale...