Tax Payable on a rental from joint owned property
Tax Planning and Financial

Member
Member
0 Thanks
9 Posts
11 years ago
0
I have a flat that is jointly owned under a declaration of trust between myself (50% ownership) and my adult two children (25% ownership each).

I receive all of the rental from the property and pay all expenses incurred in ownership and so will enter this on my tax return. As the children do not receive any of the rental income, am I correct in assuming they will not be required to make a return to HMRC relating to rental from the property?


Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £75 you can join in the discussion and get access to member's only resources and services join now.