BOBC

Sadly that doesn't appear to answer the question, at least ot for a non tax professional

A deed of trust has been completed allocating rental income 99% to wife and 1% to husband who is a higher rate taxpayer. The property was formerly PPR purchased with a joint mortgage which is still outstanding. How is the mortgage interest allowed against the rental income? Is it 50% each or shared 99%/1% or something else? Thank you

They ara married. Daughter and her husband 

My daughter and her husband own the property as joint tenants. Would the following be sufficient as a declaration of trust to transfer the income to my daughter? would this declaration need to be submitted to HMRC with the Form 17? Thank you nfor your continuing help

Thank you for the reply

My daughter and her husband have a joint mortgage on what was their PPR but is now let. They are proposing to submit Form 17 for the right to rental income to be allocated 100% to my daughter. The mortgage will continue in joint names. Will my daughter be able to claim relief for 100% of the mortgage interest against her 100% of the rental income or only 50% as the mortgage is in joint names. Thank you

My daughter and her husband have a joint mortgage on what was their PPR but is now let. They are proposing to submit Form 17 for the right to rental income to be allocated 100% to my daughter. The mortgage will continue in joint names. Will my daughter be able to claim relief for 100% of the mortgage interest against her 100% of the rental income or only 50% as the mortgage is in joint names. Thank you