If a non-resident jointly owns a property with his son (1% vs 99%) and rents it out, shall the non-resident also file tax on the 1% rent receivable?
As mentioned above, if the father is a non-resident, he bought a house for his son. Only for mortgage application purpose, he owned 1% of the house and his son owns 99%. Now the house is rented out, shall the son report 99% or 100% rent income?
Upon selling the house, shall the father also report capital gain by filing non-resident return?
Appreciate your advice from a practical view, thank you!