simple question about tax

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T
Tostaky
3 Posts
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novice here, so be nice....


we own a flat 50-50 with my partner.
we decided to let it.
he is in the high tax bracket whereas i dont pay tax.

how do we know if we have to pay tax on the rent we will receive?
and if we do have to pay tax, then do we need to split it 50-50 on our tax return OR can i just do the tax return on my own?

Thank you

15/12/2011 00:00

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