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Posted Thu, 14 Mar 2024 17:20:28 GMT by Theresa Dadun
My husband and I jointly own a property in France. The property is rented out, and generates rental income. 100% of the rental business activities are undertaken by myself, and all rental income is paid directly to myself. Please can you confirm whether a Declaration of Trust and Form 17 will be sufficient to enable me to report 100% of the rental income on my UK tax return?
Posted Mon, 18 Mar 2024 13:02:52 GMT by HMRC Admin 8 Response
Hi,
The profits or losses from an overseas property business are computed in the same way as a UK rental business.
Form 17 and a Declaration of Trust will be required in order for the 50/50 to not be applied:
TSEM9842 - Property held jointly by married couples or civil partners: Form 17 rule: introduction
Thank you.

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