Income tax liabilities from letting
We are planning to let out our property, that is jointly owned by me and my partner.
If all income (rent) and expenses (mortgage, maintenance, repairs etc) go in and out of my account - who will liable for the income tax?
His personal income tax allowance will be used in other income during tax year 2020-21, whereas I will not have any other income stream.
Look forward to hearing from you.
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