Saz Mo
-
RE: Property in my name, can I split rental income with spouse
Thank you HMRC Admin17 and Admin 10 do i have to fill in any forms when i send DOT to HMRC to determine whether it is valid? and how long does hmrc take to respond after receiving the DOT? -
RE: Property in my name, can I split rental income with spouse
Thank you HMRC Admin 17 so my solicitor created DOT and witnessed it in 2018 it is 50/50 beneficiaries for me and my wife, but my accountant disagreed with DOT for the following regions he said because the property is only on my name (sole Name) and the beneficiary is my wife HMRC will not accept it so according to your responses, HMRC will accept DOT even though the property is in the sole name of the husband? and can i use 2018 DOT or do i need new one? Thank you very much for all your responses -
RE: Property in my name, can I split rental income with spouse
Hi HMRC Admin 17 your response (You can submit the Deed of Trust to HMRC and also split the mortgage interest in the same ratio as shown in the Deed of Trust.) Can you explain to me how do i submit DOT to hmrc ? and when do i submit it? Thank you -
RE: Property in my name, can I split rental income with spouse
Thank you HMRC Admin 17 (You have stated in your actual question that you are referring to a friend and not a spouse?) Yes this is another property -
RE: Property in my name, can I split rental income with spouse
Thank you HMRC Admin 17 How do I submit D O Trust to hmrc? -
RE: Property in my name, can I split rental income with spouse
Dear HMRC Team I have purchase a property solely on my name ( title is only on my name) but my friend invest half of the cost. I purchase through auction,and auction solicitor refuse to add my friends name on the contract as bidding registration was only on my name so I had to complete on my name. So I have created a deed of trust and me and my friend became beneficiaries to share 50/50 income. I have following questions Please 1) will this deed of trust be accepted by HMRC? 2) does this deed of trust needs to be stamped by Solicitors? 3) can it be witnessed by anyone? Kind Regrds -
RE: Property in my name, can I split rental income with spouse
Thank you HMRC Admin 17 Can you explain me when you said deed of trust submission, do I have to submit it to HMRC? ALSO mortgage interest certificate is only on my name ca I still split the interest with spouse using deed of trust? -
RE: Property in my name, can I split rental income with spouse
Hi HMRC Admin 20 (Posted 9 days ago by HMRC Admin 20 Hi KG33, If you are the legal owner and you wish your spouse to receive a split of the rental income you can prepare a deed of trust to arrange this. Thank you.) I have BTL property in my sole name ( legal title on my name ) can i split the rental income with my wife by preparing the deed of trust? if yes, the mortgage is also just in my name, can you advise me if i can split the mortgage interest as well? Thank you