SamS

Thank you. Once the Deed of Trust has been set up so that the beneficial owners of the property are my parents with a 50-50 split, how do I notify HMRC of this deed of trust as have been told to complete and submit Form 17, Is this correct or do I need to do something else ?

I am looking at creating a deed of trust whereby the property rental income will go to my parents 50-50. Once this has been set up can you advise:- a) That any rental property expenses such as repairs, maintenance, insurance (there is no mortgage) will also be allocated to my parents and reflected on their returns, or will these expenses have to be recorded on my return with losses carried forward indefinitely? b) If there will be no property income/expenses for me to report - will there be a need for me to complete the property section ? c) Will I need to complete a self assessment form if my only income will be earned income from my employer.