Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Mon, 22 Apr 2024 11:40:37 GMT by R J
In the last financial year 23/24 I managed to setup the beneficial interest of my BTL property to be 100% in my partner's name who is on a low income. I got the deed of trust and form 17 submitted although it took a fair few months for HMRC to confirm they received it. We will soon be completing our self-assessment and understand that I can now apportion the rental income based on the percentage assigned in the deed of trust from the date of signing. However, I wanted to confirm that the same applies to expenses. I.e Should 100% of expenses that have been incurred since the signing of the deed be allocated to my partner's name? TIA
Posted Mon, 29 Apr 2024 13:42:15 GMT by HMRC Admin 5

Yes the split applies to income and expenses.

Thank you

You must be signed in to post in this forum.