Hi
I may be looking into renting out a house that was left in inheritance with the other 2 owners as we long term haven't decided what to do with it. None of us know much about renting. I have researched a bit and know we have to register with RTB....as there are 3 owners but only seem to be able to put one name into register. Also say rent is 1k a month......my understanding is you fill in a Form 12 or Form 11 depending if rental income is above or below 5k. So if it is split between 3 people, so rental income is 12K total for the year so 4k each. Do we declare this each......or just the person that registered with RTB? what is the best way to deal with this situation if we go ahead.