A semi permanent log cabin structure has been erected on jointly held land, in fact in the garden of a house owned by a husband and wife and rental income is generated from a third party from the part use thereof. The structure was paid for by the wife and the wife receives all the rental income. Is the tax liability all hers or does it get assessed on a 50:50 basis. Your comments are welcome.
22nd Mar 2012
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Rental Income - Who's Tax Liability ?
Rental Income - Who's Tax Liability ?