Sally

Hi Thank you for your reply. The property is held as joint tenants. Upon reading some guidance my understanding is that this can be taxed in any split when unmarried but must be 50/50 once married. Please can you clarify if this is the case. If so does it not matter that we owned it in different shares before marriage? In either case how would I tell HMRC that we married part way through the year and therefore profits don't look like they are split in the ratio they should be ( due to pro rating). Thanks Sally

Hi Please can you help. Myself and my (now) spouse bought a rental property in 22/23 tax year when we were unmarried. We signed a declaration of trust to say the property was held in shares 99% to me 1% to him as I had paid the deposit. We therefore split the rental income 99%/1% for 22/23. We got married in July 23. My question is do I now need to fill in a form 17 to reallocate the 99%/1% share or is this automatical carried on? If I do need to do a form 17 does this mean that the rental income for 23/24 is split 50/50 up to the date I file the form 17 and then after that at 99%/1%. Finally if I do need to complete a form 17 can I change the percentage from 99%/1% or does it need to match the deed of trust? Thanks for your help

Hi Myself and my then partner (not married) purchased a house as joint tenants to rent out. We completed a declaration of trust at the time of purchase to say I owned 99% and my partner 1% and we're taxed on the profits in this share. We have since got married. Do I need to complete I need to complete a form 17 to remain taxed in this percentage (99/1)? If so does the income revert to 50/50 from the date of our marriage to the date I complete the form or does it back date to the date of marriage so all profits remain taxed at 99/1? Thanks