My partner and I purchased an investment property.She no longer works and therefore she recieves no tax benefits .Can she legally transfer her share in the property to me and incur no costs to do so.I am at present paying all costs but only recieve half of the tax benefits...??????
Unfortunately no, as the declaration of rental income and expenses is based on the legal ownership of the property. If it is jointly owned, then it must all be split 50/50.
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