Tax
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marley

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9 Posts

3 years ago

My partner and i joint own a rental property but this year my tax bill and his comes to 1300 for me and around 1800 for him. We bought the flat a few years ago mainly as something we could retire into or sell. We only make 300 each month and as said it was for the longer term gain, however this doesnt seem good that we make nothing from it so speak. Should we change the percentage split. Should we sell? Is this correct with the tax? Is we sell then how does capital gains work.. just need good advice please

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Tax
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