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Posted Tue, 08 Oct 2024 17:33:53 GMT by hmrcAn42
if a married couple jointly own a property and subsequently let it, does the income go to them jointly and split equally for income tax purposes? Or can it be claimed as income by just one partner if this is the tax-efficient thing to do?
Posted Thu, 17 Oct 2024 14:26:49 GMT by HMRC Admin 20 Response
Hi,
It is automatically split 50/50. should you wish an alternative split, you need to apply for this - Declare beneficial interests in joint property and income
Thank you.

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