Inherited property: who declares the rent?

Hi. My husband inherited a flat when his father passed away. It’s almost a year since and as 2 potential sales fell through we are planning to put a tenant in. Do we both have to declare the income (50/50) or just one of us? We’ve never done anything like this before, only ever had PAYE jobs Thanks

If the property has passed from the estate to your husband only then its just him that needs to register for self assessment, if passed in to joint names then both of you. If it is his sole name, spousal transfers are exempt for CGT purposes, you might want to transfer to joint names if it produces a lower tax liability between you (other income dependent), or if you dont wish to do this then consider a declaration of trust/form17 (again, if its tax advantageous to do so only). Suggest you seek advice of local accountant.