- Home
-
Tax News
- Budgets and Autumn Statements
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings & Investments, Pensions & Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations & Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practice and Methods
- Professionals in Practice & Industry
- General
- TaxationWeb
-
Tax Articles
- Budgets and Autumn Statements
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings and Investments, Pensions and Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations & Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practice & Methods
- Professionals in Practice & Industry
- General
- Tax Tips
-
Tax Forum
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings & Investments, Pensions & Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations and Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practices & Methods
- Professionals in Practice & Industry
- General
- Tax Jobs
- Get in Touch
Where Taxpayers and Advisers Meet
Husband and wife rental income
-
rose_M56789
- Posts:3
- Joined:Wed Aug 06, 2008 3:22 pm
Is rental income taxable at 50/50 for married couples if wife is not shown on deeds,No mortgage. thanks for help and advice
Re: Husband and wife rental income
https://www.gov.uk/government/publications/income-tax-declaration-of-beneficial-interests-in-joint-property-and-income-17
With a pinch of salt take what I say, but don't exceed your RDA
-
rose_M56789
- Posts:3
- Joined:Wed Aug 06, 2008 3:22 pm
Re: Husband and wife rental income
Thank you for link but wife is not shown on deeds, will this exclude her from having the income.
Re: Husband and wife rental income
If she has no interest in the property then she cannot be considered the owner of the income.
The link pawncob included describes declarations of trust - you could declare that while you are the sole legal owner, you hold that title on trust for you and your wife. You would then be joint "beneficial" owners and could be considered 50/50 taxable on the rental income.
You would also have to register the trust with the Trust Registration Service as you are not also joint legal/registered owners.
The link pawncob included describes declarations of trust - you could declare that while you are the sole legal owner, you hold that title on trust for you and your wife. You would then be joint "beneficial" owners and could be considered 50/50 taxable on the rental income.
You would also have to register the trust with the Trust Registration Service as you are not also joint legal/registered owners.
