๐๐จ๐ฅ๐๐ข๐ง๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ & ๐๐ซ๐จ๐ฎ๐ฉ ๐๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐๐ฌ ๐๐ฑ๐ฉ๐ฅ๐๐ข๐ง๐๐
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When property is jointly owned, the way rental income and capital gains are taxed depends on the ownership structure. Income Tax on Rental Income Joint Tenants (50/50 split) โ Income is automatically split equally between owners, regardless of actual contributions. Tenants in Common โ Income is taxed based on ownership shares, which can be unequal.
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