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Does a S17 election only apply to property income

Does a S17 election only apply to property income

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If a couple have joint savings is the option to make a S17 election available in the same way as it is for property income or is the S17 form just for property income

 

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28th May 2019 11:46

If the couple have access to Google, and look for "Form 17", not "S17 election", they will find the answer.

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28th May 2019 12:32

Is there a S17 election ?

I can't think of one.

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to lionofludesch
28th May 2019 12:42

Some came in with s17 FA2019, but they would not be referred to as such - I suspect there are more of the same ilk.

Baht at.

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28th May 2019 19:00

Its form 17 and it only refers to property.

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to Jennifer Adams
29th May 2019 12:26

Jennifer Adams wrote:

... and it only refers to property...

???

And what does "property" actually mean? I can confirm that it does not mean only real property, which seems to be your inference, since it is implicit in the OP that that is the context in which the OP is (incorrectly) using the word.

https://www.gov.uk/hmrc-internal-manuals/trusts-settlements-and-estates-...

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By K81
30th May 2019 09:54

many years ago there used to be a Form 15 for splitting interest/dividends. I have just done a quick search on gov.uk but could not find this. So I haven't really been any help here have I?

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to K81
30th May 2019 10:19

No, you haven't been any help. Mostly because there's never been a form 15, and you're further perpetuating the myth that shares and bank accounts are not property.

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to Vile Nortin Naipaan
30th May 2019 10:28

Vile Nortin Naipaan wrote:
Mostly because there's never been a form 15 ........

That's a very bold statement.

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to lionofludesch
30th May 2019 10:47

Well, perhaps at some point in time, for some purpose, in some place, there has been a form called a form 15.

My point though, is that there has never been a separate form for making a s 837 declaration in relation to property other than real property. It has always been form 17 for all forms of property.

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By K81
to Vile Nortin Naipaan
30th May 2019 10:33

Thank you for your thoughtful response, I disagree about the existence of the Form 15, however, maybe this was discontinued as the interest & dividends could possibly fall under the Form 17 rules.

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to K81
30th May 2019 10:42

It was to do with interest paid, IIRC. Not received.

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to Tax Dragon
30th May 2019 10:44

That's a MIRAS 5!

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to Vile Nortin Naipaan
30th May 2019 10:46

Blimey, even Mum is struggling to remember what they were.

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