Dear HMRC Admin,
I am my wife are 'Joint Tenants' and I intend to sign a declaration stating my wife will own 100% of beneficial wonership.
1) Do I need to send this declaration to HMRC?
2) D I also then need to fill in form 17 ,give DOT is effectively severance of Joint Tenancy fort ax purposes or my wife can simplay report 100% of rental income under her tax return?
hi HMRC Admin,
I believe 'Joint Owners' will need to severe the tenancy to be eligible to recieve different share of rental income, I am a 'joint owner' with my wife and I am thinking of transferring 100% beneficial ownership to her. Does this result in any SDLT ? Obviously the title deed with HM Land registry is not changing , we will keep the 'joint mortgage' and 'joint onwers' so effectively there is no transfer of mortgage to her and mortgage stays as is. As in no money is changing hands and debt is staying as common