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Rent income for shared property owned by my wife and me?

Posted 18 September 2014

Our property (including a garden flat) is owned 50/50 by my wife and I. We stay in the house (primary residence).
How do we declare the Rent Income from the garden flat - just divide it in half for each person (including the applicable deductible expenses e.g. electricity)?

TaxTim Marc TaxTim Marc said:
23 September 2014 at 9:14

Yes, you would declare half the income and expenses and your wife would do the same on her return.

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