Zara

I own a property with my daughter as Joint tenants, not tenants in common. According to HMRC manual PIM1030, joint owners can divide rental income in unequal amounts as long as they are not married. Therefore, if I take 100% of the rental income and my daughter 0%, and I do the self-assessment showing the 100% of rental income, is this okay?

Hi I own one rental property with my son as joint tenants. We have an agreement that I would take all the rental income; I understand that joint tenants can divide the rental income on the ratio they agree upon i.e. it doesn't have to be 50/50, my question is does this agreement have to be in writing devised by a solicitor or is it something we can do ourselves and as it is joint tenants what written document would we need for example 'deed of trust' 'declaration of trust' or simply just a written signed document? Kind regards George