Press Releases
Property investor co-owners and the income split can cause issues says Matthew Mousa from Sydney TLK

Property acquisition and tax expert Matthew Mousa of TLK Partners explains two different categories of property ownership and splitting income by co-owners.


, 18 May 2019

Property investor co-owners and the income split can cause issues says Matthew Mousa from Sydney TLK Partners

Property co-owners and the income split When two or more investors own a rental property together, whether it is rented out all year round or only part-time, the division of rental income is defined by the legal interest that each owner has in the property. Property acquisition and tax expert Matthew Mousa of TLK Partners explains the two different categories this legal interest fall under. Co-owners who are Joint Tenants divide the income and expenses related to that property on an equal 50/50 basis. The interesting point to note here is that division of income and expenses in terms of legal interest overrides any verbal or written agreement that the two owners may have. “It is irrelevant if one is earning more than the other and would like to incur fewer taxes by claiming a greater proportion of the rental loss,” Matthew explains. “The division must be in terms of legal interest.” Co-owners who own the rental property as Tenants in Common may have an unequal legal interest in the property, for example, a 30%/70% split. “If this is the case, you would then divide the income and expenses related to the property in terms of your legal interest, in this case, 30% and 70%, again regardless of any other agreement you might have made with the other owner.” Anyone unsure of whether they fall into the category of Joint Tenant or a Tenant in Common should reference the title deed to clear up the matter. RELATED ARTICLE: Private Investors Property Income Has Tax Implications Says TLK Partners Expert Matthew Mousa Matthew explains that the tax man considers someone to be an investor who is not necessarily engaged in a rental property business, as long as the person doesn’t spend an inordinate amount of time engaged in rental property activities, doesn’t co-own very many properties, and doesn’t derive their income exclusively from the rental property. If someone is deemed to be in the rental property business, the agreement between the partners takes precedence over the legal interest in the properties. The income and expenses associated with the business must be divided in terms of the partnership agreement. RELATED ARTICLE: Superannuation Tax Estate Planning Private Wealth Financial Planning Sydney TLK Partners “Investor’s trust TLK Partners to advise them of the best legal structures to maximise their return on investment,” Matthew concludes. TLK Partners Wealth Management Companies Kingsgrove, Beverly Hills | Tax Accountant & Agent | Property Adviser are financial management, retirement planning and wealth advisers serving enterprises and private individuals who hope to take care of their future through sound financial management. Visit their website or contact them at (02) 8090 4324 for an appointment to discuss your financial management and investment needs. This material is of a general nature only, it does not take into consideration your financial circumstances, needs or objectives. Before making any decision based on this content, you should assess your own circumstances, seek professional advice or contact our office to be directed to the appropriate professional. Whilst all care has been taken in presenting the material neither TLK Partners or its associated entities guarantee that the material is free of error and, the information may have changed since being published. Syndicated by Baxton Media, the Market Influencers.

# # #


Submitted by prcagency, Press Dev on Saturday, 18 May 2019 at 3:05 PM
Category: Economy
Related News

Attract the Niche Audience with Subtle Marketing with Business Cards from PrintPapa
Monday, 24 Jun 2019

Get The Best Dalton GA Online Branding Website Design Google Optimization Solutions
Tuesday, 18 Jun 2019

Grow Your Web Presence With This SEO Analysis Digital Marketing Tool From Orpington Experts
Tuesday, 11 Jun 2019

West Midlands Online Marketing Agency Releases Online Marketing Solution For Staffordshire Realtors
Wednesday, 5 Jun 2019

Get The Best Peachtree City GA Online Branding Search Engine Optimization Reputation Marketing Solut
Wednesday, 5 Jun 2019

Related Events

Security IT Summit London July 2019
Tuesday, 2 Jul 2019

Leadership for Directors Course
Monday, 15 Jul 2019

Latest News

Nutraceutical Ingredients Market Is Expected To Drive By Rapidly Increasing Customer Base Across The
Wednesday, 26 Jun 2019

Pelvic Floor Stimulation Therapy Market Shares, Strategies and Forecasts, Analysis and Overview upto
Wednesday, 26 Jun 2019

Indonesia Needs an Overhaul in Infrastructure Financing
Wednesday, 26 Jun 2019

O.J. Simpson’s big arrival on Twitter marked the 25th anniversary
Tuesday, 25 Jun 2019

The Pros and Cons of Using Clip in Hair Extensions
Tuesday, 25 Jun 2019

Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Wednesday, 26 June 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Consumer Technology
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
News & Media
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!

Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.

  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.

  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • International Metropolis Conference: Promise of Migration, Ottawa 2019
  • 18th Meeting of WSSFN, New York, June 24-27, 2019
  • GIIDS - GI Inflammatory Diseases Summit
  • 3rd CRISPR & NBT AgBio Congress 2019
  • Digital Pharma West

  • Latest Jobs
    Sorry, there are currently no entries posted here.