Deed of Assignment for joint savings account

A few years ago I tried to start a business. My wife and I agreed that the start-up money would come my half of our joint savings account. The business ultimately failed. Now we want to assign the beneficial interest in most of the remaining money to my wife, as if our savings had been in separate sole accounts from the beginning. Can we do this with a Deed of Assignment and Form 17?

Hi Paul Johnson,
You can apply for an alternative split but this is not done retrospectively and will only apply from the date the form 17 is signed.
The completed form and relevant evidence then must be received by HMRC within 60 days.
Thank you.