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Tax Question - Renting from my brother but I own half the property.
Hey Rugrat, Sounds like this one has got you interested! :) The thing with our scenario is I am not disputing the rent, I definitely want to pay my brother rent. The alternatives is we sell the property or I also move out and rent and this becomes both our IP. I have ran the numbers on...- albanga
- Post #10
- Forum: Property Finance
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Tax Question - Renting from my brother but I own half the property.
Hey All, Just keen to get some users take on this. I will of course be speaking to an accountant regarding this in more detail but like to ask beforehand. My brother and I own a property 50/50. I live in the property with my wife and my brother is renting elsewhere. I pay my brother his half...- albanga
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- Replies: 10
- Forum: Property Finance
