Is it Too Late to Submit Form 17

[CG]

A husband and wife purchased a buy to let in May 2012 and completed a declaration of trust stating that the property is held on trust in 80/20 share.

Tax Returns have been completed declaring the profits on the property in this 80/20 share.

I am not sure that a Form 17 was completed, and believe that it should have been completed within 60 days of the purchase.

Is it too late to file Form 17 now?

Do amendments need to be sent in to the tax returns already filed?

[bd6759]

Form 17 can be submited at any time. It takes effect only from the date it is is signed (the last date if the spouses sign it on different days). It must be receved by HMRC within 60 of the signature otherwise it is invalid and must be done again.

The previous returns are wrong.The 50/50 rule applies.

[CG]

Thanks for your reply.

Would you advise just submitting revised returns?

[Peter D]

I am not sure that a Form 17 was completed.
Ask them if they have it on record. Regards Peter