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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.
Monday
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Investors and rental owners
Hello, you can simply change the partner details on your T776. The transaction does not otherwise impact your tax return.
Wednesday