Galactica galaxy
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RE: Rental income
ok thank you so much for the advice, I appreciate it -
Rental income
Hello Team we currently own a flat in which our son will move in with two of his friends and he will be the sole recipient of the rental income. Mine, my wife's and my son's names are all on the deeds. Do we have to declare that income in our own tax return or only our son since he will benefit from the income? thank you