Susan Wong

Dear HMRC, With reference to your comment of "making a declaration of trust", is this a written declaration, i.e a simple written document, which the beneficiary of the rental income can declare the rental income under her own self assessment return instead of her husband's who is the owner of the property? Also is " Declaration Of Trust" a formal process of setting up a trust, having the property/asset to be transferred into the trust and A Trust return will need to be submitted? If this does not required a formal trust to be set up, can this also be applicable for a property owned by son or daughter, but transfer all the rental income to his/her parents, then parents will delcare the rental income under their self assessment return?