Property Income Allowance

I just wanted to clarify, if you jointly own a property which is being rented out do you both get the £1000 property income allowance?
Or do you have to split it between you?
What I have found so far seems to suggest you do but an accountant told me otherwise

Hi Alexis Leal
Your findings are correct. If you own a property jointly with others, you are each eligible for the £1,000 allowance against your share of the gross rental income.
Thank you
 

Thank you for your response. I believe this came in in April 2017, is this correct? And was there any allowance or something similar in 2016? Thanks

My husband and I have a residential mortgage with Halifax, and we are looking to raise capital against our residential home in the way of a further advance, to allow us to buy an investment property outright. We are looking to borrow the capital on an interest only basis so that the rental income covers the increased cost. I would be interested to understand whether or not 20% mortgage interest can be offset as an expense, as although the mortgage is for the purpose of a BTL property, it’s technically secured on a residential basis. Thank you

Hi ,
 

This is correct, Property income allowance started 6 April 2017, there was no property allowance before this. Thank you .