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Where Taxpayers and Advisers Meet

Declaration of Trust

Treggy
Posts:17
Joined:Fri Mar 31, 2017 11:46 pm
Declaration of Trust

Postby Treggy » Sat May 19, 2018 8:16 am

My wife and I jointly own a rented property. We have a Declaration of Trust in which I 'give' her 95% of my share. Income tax returns then reflect this split. Should this be accompanied by a change from joint tenants to tenants in common?

bd6759
Posts:4267
Joined:Sat Feb 01, 2014 3:26 pm

Re: Declaration of Trust

Postby bd6759 » Sun May 20, 2018 10:37 am

The DoT severs the joint tenancy because its existence means you are no longer joint tenants.

You can register this at the land registry using form SEV.


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