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April 28, 2025
Question

Change of partner in rental property

  • April 28, 2025
  • 1 reply
  • 0 views

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.

    1 reply

    April 30, 2025

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