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Posted Tue, 17 Sep 2024 17:20:05 GMT by Vihango Shah
Dear Sirs, I was having an saving account on my sole name. I was declaring all the saving account interest on my self return. 4 months ago, I added my husband to the Savings account. The mode of operation for this account is either way. This means any of us can operate the account with the signature. Can I start declaring 50% interest income from the day I added my husband to the saving account? or I can not do this because the mode of operation of the account is either of us? Thank you,
Posted Tue, 24 Sep 2024 14:34:35 GMT by HMRC Admin 10 Response
HI
If it is a joint savings account then you would declare 50% of the untaxed interest. 

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