Declaration of Trust and expenses splits
Tax Planning and Financial

Slazenger

0 Thanks

30 Posts

9 months ago

Do you know when a deed of trust is in place and the beneficial ownership percentages have changed are the expenses occurred split the same for tax return purposes?

Owner A as beneficial interest of 90pc of the rental income B has the remaining 10pc - are the expenses for tax return purposes 90pc recorded for A and 10pc for B?

I hope this is clear any advice be appreciated

I know you are not allowed to give direct tax advice.

Many Thanks

Please Login

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

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.

Join Today

Have you forgotten your password?

Declaration of Trust and expenses splitsTax Planning and Financial

Please Login

Declaration of Trust and expenses splits
Tax Planning and Financial