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Reply: 2.1.1.2 From: Owen . OK, if the nett income is split and added to the individuals 'other' income, is this then taxed again? I thought partnerships were 'not' separate entities as the income produced is passed through to the partners in the appropriate percentages and therefore the...

Reply: 2.1 From: Owen . Good example Duncan. So getting this straight in my own mind. The income split the D'Souzas agreed to in their partnership deal only applies to the income they receive by running their rental business. So 75% of the income (rent) would be added to Mrs D's other income...

Reply: 1 From: Owen . You wrote - "At this time, she won't be earning any income, so our % ownerships can then change to 99% me and 1% her". When you purchase a property Tenants in Common the ratio set at the time of purchase stays that way until you sell it. If you are planning on a family...