splitting rental income for tax purposes

How is Rental Income Taxed on Jointly Owned Property?

11/10/2022tax , Tax Issues

In the case of properties where there is the involvement of multiple owners is observed, there will come certain expectations from HMRC. This will make each partner liable for paying tax on the amount of income they share, file for the self-assessment tax returns separately, and maintain the records. People find splitting rental income for …

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