Joint rental property income

Posted by Gary Wiedell PM | on Wed, 26/01/2011 - 11:43 9314 15 comments | report

A client has rental income from three properties, all of which are held in joint names with his wife. Is it a legal requirement to make two tax returns with each reflecting 50% of the income and expenditure per tax year, or is it acceptable to return all details on one return only?

Comments

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yes is the answer

ricardo1 | Wed, 26/01/2011 - 11:57

.

madhumorjaria | Wed, 26/01/2011 - 11:59

Joint rental income

Gary Wiedell | Wed, 26/01/2011 - 12:02

Yes

TaxationPete | Wed, 26/01/2011 - 12:32

Split 50:50

Chris Smail | Wed, 26/01/2011 - 12:34

Independent taxation

Euan MacLennan | Wed, 26/01/2011 - 12:38

Erm

ACDWebb | Wed, 26/01/2011 - 12:53

Trying again...

madhumorjaria | Wed, 26/01/2011 - 13:08

.

blok | Wed, 26/01/2011 - 16:27

Click on the link below

Nichola Ross Martin | Wed, 26/01/2011 - 17:54

Or start with HMRC's view for free

Chris Smail | Wed, 26/01/2011 - 18:10

.

blok | Wed, 26/01/2011 - 18:36

.

madhumorjaria | Wed, 26/01/2011 - 20:09

joint rental income - share the 'profit'

jane | Wed, 26/01/2011 - 23:14

Let's read the manual

anvcompton | Mon, 31/01/2011 - 13:15