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Siblings and rent

29 April 2014
Issue: 4449 / Categories: Forum & Feedback , Capital Gains , Investments , Land & property

A brother and sister own a property that is let out. The sister says she wants nothing to do with the property and the brother receives all of the rent. Will this income be taxed on the brother only? It is intended that the brother’s company will receive some of this income in future

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