Level 1

Does a parent and son who enter into a partnership of a rental property and split their rental income 50% be subject to the rules of TOSI?


Investors and rental owners

TOSI rules generally apply to income that is assigned to non-active partners. If both parties are active in the business, TOSI wouldn't apply.

There's an excellent "decision tree" for TOSI on the Moodys Gartner site that you might find helpful:

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