Vihango Shah
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Interest on Jointly owned bank account.
Dear Sirs, I was having an saving account on my sole name. I was declaring all the saving account interest on my self return. 4 months ago, I added my husband to the Savings account. The mode of operation for this account is either way. This means any of us can operate the account with the signature. Can I start declaring 50% interest income from the day I added my husband to the saving account? or I can not do this because the mode of operation of the account is either of us? Thank you, -
Rental income differs with rental agreement.
Dear Sirs, We are landlord and we signed a rental agreement with the tenants for the rent of 1550£ per month. We are getting paid 1400£ by the housing benefits(directly to landlord). We never receive the remaining rent of 150£ per month from the tenants. Our question is - do we need to declare 1550£(as stated on the rental agreement) or 1400£( actually received rent) on the self assessment return? Thank you, .
Name removed admin . -
RE: Form17 for the property - declaration of trust lost
Hi, If we re-sign the declaration of trust to replace the original one, do we need to send it to HMRC again ? Our income and interest on the property has not been changed. Thanks, -
RE: Form 17 and declaration of trust
Hi, The form17 was duly filled and accepted by HMRC with the letter that the form 17 is now in force. We later found that the date of the signature on the declaration of trust is one month early then we made application for tenancy in common to land registry. Would this make the form17 invalid ? Or is it still in force ? Our alternative split is still the same. Thanks, -
Form 17 and declaration of trust
Dear sir, Me and my husband own a property. in 2022, We signed the declaration of trust in May and same time we submitted the documents to Land registary to change the ownership from joint tenants to tenants in common. They added the clause in title in June. We then submitted the declaration of trust created in May with filled Form17 and new title to the HMRC. We realised that the declaration of trust was signed a month ago and we added a clause that we are tenants in common. Now we understand that this is the mistake. HMRC then replied that our documents are accepted and the declaration is accepted and is now in force . My question is should we declare the share that we out on the form 17 or should we put joint (50%=50%) share to the tax return? I am asking this because the declaration of trust was wrongly signed(but accepted by HMRC though) . Thank you, Viha. -
Form17 for the property - declaration of trust lost
Dear sir, I have a property owned between me and my husband. We duly signed the declaration of trust for the split income in 2019 and sent to HMRC with signed form17 for unequal shares. We then received and approval for the acceptance from HMRC saying that the declaration is now in force. since then we were declaring the actual shares on our share returns. last year, during a theft in our house, we lost all our documents. we lost the original signed declaration of trust but we have form17 acceptance letter with us. Do we need to sign another form17 with the new declaration trust and send to HMRC? or we should not worry about it? our actual shares has not been changed. Please help. Thank you, Viha. -
Form17 for multiple properties.
Dear sir, We are married couple and have 2 properties in joint in common with unequal shares;. We successfully sent Form 17 in 2019 with the actual shares and received reply back from the HMRC successfully. Now, We bought the third property with unequal shares. I am now in process to submit the Form 17. Do I need to include all other past 2 property again or only details are required for the new property? Thank you, Viha.