• Declaration Of Trust To Allocate Rental Income

    By john2367 on 27th Dec 2015

    We have used the site to transfer equity from 100% one owner to 50% Tenants in common. Can a Declaration of Trust be used to allocate a greater proportion of the rental income (say 75%) to a non tax paying partner? There is no mortgage.

  • 2 Answers

    By Guest on 24/01/2016

    Most certainly.
    You may allocate as you wish 85/15 or whatever.
    you will need to down load form 17 from HMRC website complete and send them a copy.
    you can can backdate up to 60 days.
    good luck

  • By Guest on 24/01/2016

    My thanks for your answer. It gives me the solution I wanted,

    Kind regards,


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