raymondp

Dear HMRC Team, I happen to have the exact same situation as Sridhar above. I have recently got a 'deed of assignment' completed by a solicitor to assign 100% of the rental income to my wife as a beneficiary only. I remain the sole owner of the property and responsible for the martgage payments. I would like to get your help now to clarify what is the official guidance on how to notify HMRC that a "deed of assignment" is in place so we can start to reflect this in our future self assessments. I am asking because I have seen a number of conflicting advice in a series of other posts in this forum from others asking similar questions as to what needs to be done to notify HMRC. Please can you help clarify. I have summarised below 3 different advise/methods given in different posts by different admin people, hence I wanted to clear this up. Which one is correct or do we need to do a combination of the following based on official guidance? 1) Do we need to register this as a trust using the following link? https://www.gov.uk/guidance/register-a-trust-as-a-trustee 2) Do we need to send a paper copy the 'deed of assignment' into HMRC as suggested in the reply from 'HMRC admin 25' to Sridhar above? 3) Or We do not need to do anything? There is no need to notify HMRC. Just keep a copy of the 'deed of assignment' ready to share with HMRC, if requested in the future. Your help much appreciated.