One of us owns 90% and the other 10% of our house to rent. Does the HMRC allow me to declare that I want 100% of the income?Q My spouse and I have bought a house to rent. We own it as tenants in common – one of us owns 90% and the other 10%. We are going to fill out the form 17 declaration of trust for HM Revenue & Customs that states how much of the income we are liable to be taxed on.
For tax purposes,can I achieve down that I want 100% income or does the rental income need to be 90:10? Also, what evidence finish we need to submit? MMContinue reading...
Source: theguardian.com