Can a husband who owns a property portfolio 100% in his sole name opt to split the profit 50-50 with his wife?
If so, what docs are required for HMRC purposes
Replies (4)
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If the husband owns 100% of the property then 100% of the rental income is taxable on him.
The position changes if, and only if, he owns less than 100%, then things can get a little more interesting!
RM
A copy of the DoT (or some other evidence) should accompany the completed Form 17.
There is a 60 day Time Limit for filing the Form 17 with HMRC.