Rental Income Co-Owned Property

Hi I own a rental property with my sister in law, we both equally own the property 50/50 as tenants in common, and are both UK tax payers. The rental income generated is received by my sister-in-law (and not shared or transferred to me), from this she pays for the property maintenance cost, and keeps any remaining funds to boost her income (as she is on a lower wage/salary to me). The rental agreement has both our names on the paper work, as there is still outstanding mortgage on the property. She records all the income and expense generated from the rental property in her SA, Do I need to declare, or pay any tax on the property rental income, and complete a SA, if I don't receive any funds, even though legally I own the property jointly with her, and have my name on the tenancy agreement.

Hi,
 

Thank you for your question.  Where the property is owned jointly other than by a husband and wife then how you share any income from the propery is up to you.  If you do not receive any of the income you do not have anything to declare. Thank you .