mich8

Thankyou. So to change the shares do I need to have some professional paperwork (deed by a solicitor) , or is it ok for me to draft out a section and get my partner to sign it, saying we're agreeing the percentages as say 90% me, 10% my partner. Basically , as long as we sign it, will that satisfy HMRC if it needs to see paperwork that we have "agreed" the split, as per PIM1030? And can I alter that % each year by drawing up paperwork and getting it signed each year? Thanks

myself and my partner(unmarried) rent out a property that we own as tenants in common in unequal shares, My question is does the rental income have to be declared on tax returns in the unequal ratio or can the income be shared 50/50 as it is a joint property?