Land & Property

Land & Property

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Husband & wife jointly own a house which is let. Is it mandatory to split the rent income and if so in what proportion?

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By blok
21st Mar 2012 15:57

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income is deemed to be split equally unless both agree to change the beneficial ownership.  this can be drafted legally and then notified to HMRC on form 17.

 

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By tladirect
22nd Mar 2012 08:27

Does the same apply if

the joint ownership is say, father and son, brother and sister or two friends etc?

tladirect

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