qzhao24

Hello, My wife and I jointly own a foreign property in the US (the mortgage is only under my name) and we rent it out since 2019 and receive foreign rental income. We have been UK tax residents since 2019-20 and live in Scotland. In the past few years, we used the self-assessment and added the foreign rental income into our self-assessment form in the 50-50 split. We also do the US tax return every US tax year. A couple of questions here: 1. Can I use Form 17 to transfer 50% of my foreign rental income to my wife? I believe this can be done for the UK property along with the declaration of trust and there are many examples in the forum. And I wonder if this can apply to foreign properties in the US? 2. If we can use Form 17, then can we adjust it back to the 2019-20 tax year? 3. If we cannot use Form 17, what can we do to transfer the foreign rental income? Thanks