Skip to main content

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

Posted Tue, 05 Mar 2024 16:21:54 GMT by corsabreeze@aol.com
Mother/son own outright a rental property, mother receives all the rental to boost her income is she solely responsible for tax and son does not need to declare as he does not received and part of rental teveived
Posted Wed, 06 Mar 2024 15:45:55 GMT by HMRC Admin 8
Hi,
Although mother/son jointly own the property, and state that the rental income is only assessable against the mother.
A Deed of Trust must be drawn up, which shows how the rental income is proportioned accordingly.
PIM1030 - Introduction: jointly owned property & partnerships
Thankyou.

You must be signed in to post in this forum.