Tenants in common question

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    Tenants in common question

    Hello Lanlordian's,
    I have just bought a property as tenants in common with my wife ( 90% : 10%) and I would like to keep the share as it is for both capital and income. Do I still need to inform HMRC about unequal share ( form 17?)

    Thanks in advance.

    #2
    Yes , you should submit Form 17 within 60 days. You can google search on hmrc website.

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      by reluctantlandlord1976
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      I've put some figures in my reply to a post just now but answers below to your questions.

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      08-12-2021, 00:55 AM
    • Caught out by changes to Capital Gains Tax
      by reluctantlandlord1976
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    • Reply to Caught out by changes to Capital Gains Tax
      by reluctantlandlord1976
      Andrew, apologies only just seen your post [was it awaiting approval did you say?] answers are:

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      08-12-2021, 00:41 AM
    • Reply to Caught out by changes to Capital Gains Tax
      by reluctantlandlord1976
      JP Keates
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    • Reply to Caught out by changes to Capital Gains Tax
      by reluctantlandlord1976
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      07-12-2021, 17:28 PM
    • Reply to Caught out by changes to Capital Gains Tax
      by jpkeates
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      07-12-2021, 16:22 PM
    • Reply to Caught out by changes to Capital Gains Tax
      by AndrewDod
      The probate resets a lot of the stuff, but my main response was unapproved
      07-12-2021, 15:36 PM
    • Reply to Caught out by changes to Capital Gains Tax
      by AndrewDod
      You are really short on detail:

      Date (year & month) bought in joint names ______ (what % was yours then)
      Date it converted to your sole name ______ (presumable date of death of parent 2?)
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      07-12-2021, 15:33 PM
    • Reply to Caught out by changes to Capital Gains Tax
      by reluctantlandlord1976
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      07-12-2021, 14:53 PM
    • Reply to Caught out by changes to Capital Gains Tax
      by AndrewDod
      Let us know the exact timescale and money involved year by year - I am sure some kind person (or even myself) with do a calculation for you so that you can assess the risks involved
      07-12-2021, 14:33 PM
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