Paul Hunaban
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RE: Rental income for unequal shares - not married
Thanks for your response, that's makes it clear what I need to do. Sorry for being a pain, but where do I declare it / send it to? -
RE: Rental income for unequal shares - not married
Thanks for the info. Would I submit the declaration to the address as detailed within the form 17? Also, would a declaration styled on form 17 be acceptable for declaring the beneficial split? -
Rental income for unequal shares - not married
I currently rent out a property which is 100% owned by me. I'm going to do an equity transfer to my children (two of) so we will hold shares of unequal amounts in the property. Can I still have the full rental income and continue to complete the self assessment as previously or do we have to share it by the percentage of the equity held? If I can have 100% of the rental income how do I/we declare it or is it dealt with by me entering the self assessment ? Also, I have equal shares in a property with my partner (living together for over 25 years), we are going to rent it out and I'd like her to have 100% of the income. This will properly be answered by the above but if not can you please give me the answer.