Search results

OK that's easier to understand...He includes 50% of the income and expenses in his tax also. He may have a right to demand his share of income too. Or demand sale !! A lawyer may be a better option.

Wow...That's confusing.... How can something fully purchased be 50/50 ??. There may some CGT issues associated with gifting a former property etc if its not done correctly. There are some issues here requiring personal advice - A person not entitled to receive income can still receive it...