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Jointly own rental property - tax treatment

apeking · 2014-05-26 20:38:23

Hi How is rental income treated for joint ownerships (both 50% owners). Is all rental income/costs split 50% and we both complete a form 11/12 based on 50%. Total Net taxable income is approx €5k so 2.5k each. I assume I can complete a Form 12? Also when completing a form 12 do u have to complete all details on form or…

26-05-2014 08:38PM

#1

apeking

Registered Users, Registered Users 2 Posts: 492 ✭✭

Join Date: November 2004

Posts: 394

Hi

How is rental income treated for joint ownerships (both 50% owners). Is all rental income/costs split 50% and we both complete a form 11/12 based on 50%.

Total Net taxable income is approx €5k so 2.5k each. I assume I can complete a Form 12?

Also when completing a form 12 do u have to complete all details on form or just the rental income section?
Do you have to complete the claim for tax credits, allowances and reliefs for 2013?

Sorry and thanks

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