jeudi 2 juillet 2015

Can we split income from our buy-to-let house according to the portion we own?

One of us owns 90% and the other 10% of our house to rent. Does the HMRC allow me to declare that I want 100% of the income?

Q My spouse and I have bought a house to rent. We own it as tenants in common – one of us owns 90% and the other 10%. We are going to fill out the form 17 declaration of trust for HM Revenue & Customs that states how much of the income we are liable to be taxed on.

For tax purposes, can I put down that I want 100% income or does the rental income need to be 90:10? Also, what evidence do we need to submit? MM

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from Health & wellbeing | The Guardian http://ift.tt/1KuuS4O
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