Accidental Landlords:London Rental Market

BigG10

00ec25 wrote: »

no they won't, its none of their concern (that only applies where the LL is resident overseas, then the LA is under a legal requirement to deduct tax). If LL is UK resident then declaring income is down to the LL not their LA


you seem confused: - there is no choice, it is HMRC who will decide whether an SA is to be completed, it is not for the LL to choose

you are also making the assumption that the OP and partner are not married and/or do not both own the property (either as joint tenants or as TIC) . If they are married or are both owners then your statement is wrong. The person responsible for filing the SA return is the legal owner, this could be each of them as the OP has not confirmed the ownership status.

It is not a question of choosing who has the lowest tax and thus who declares the rental income, there are restrictions depending on ownership arrangements and relationship status .
- If married the choice is none, income split mirrors ownership share exactly.
- Only if not married is the position allowed where they can make a declaration of beneficial interest and split the income as they want

We are civil partnered and both own the flat. So, we will have declare on both as this poster has said. See, done me research I have. But as I say, I don't think there will be much profit made.