Shon6
New Member

Change of partner in rental property

Hello, I have a rental property which my girlfriend and I both owned 50% each. June 01st of last year my son bought out her 50% stake and is now my partner. Not sure how I would enter this info in the T776 Partner details section as the old partner and new partner held ownership for 6 months each.

Any help would be appreciated TY.

Investors and rental owners

Hello, you can simply change the partner details on your T776. The transaction does not otherwise impact your tax return.