Belal Ahmed

Hello, Does a Declaration of trust need to be registered on the trust registration services?

Hi, Form 17 only applies to those who jointly own properties with their spouses or civil partners. In my case, I solely own the property in my name so this does not apply to me. I just wanted to double-check. In our situation, will a Declaration of Trust be valid where I wish to allocate the full 100% rental income to my wife? Please note, that my wife and I are civilly married in the UK. Lastly, what specific information and details must be included in the Declaration of Trust and can this document be written by us or does it need to be written by a legal professional such as solicitor? Thank you

Hello, I just wanted to get some clarification regarding the above. I am a sole owner of a rental property and my wife will be receiving 100% of the rental income. I wanted to know what written agreement we need to have in place for HMRC. I want to continue to own the property in my sole name, it is just for my wife to receive the rental income fully and for her to complete her self-assessment each financial year. Also, in the agreement what things will HMRC want to see written? Thank you