Lightfoot
Joined: 9/4/2024
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RE: How does HMRC know who receives the rental income?
Good evening. Looking for some clarification on this also. I own a property, solely in my name in Dubai. We have moved back to the UK and I have completed a declaration of trust to transfer 100% of the income to my Wife. She has registered to file a self assessment and will complete soon. The 2 questions I have before we proceed to filing the SA are: 1) HMRC have stated on these forums that they do not need to see the trust document unless it is asked for and this does not need to be registered. Is this correct? 2) Do I need to complete a self assessment tax return even if my income is £0 for the same property? Many thanks