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First time Rental self assessment question
in Cutting Tax
6 replies 112 views
I have a few questions regarding self assessment when you have rental income.
I myself do self assessment every year as i have job expenses into the thousands. Never have any problems in doing so.
In March 2019 my partner and i moved into a new property that we bought together, joint mortgage etc. Part of this meant renting out her old flat and thus receiving rental income. In order for the mortgage on the new property we bought to go through however we had to put her old flat into both of our names (dealing with the same bank on both mortgages etc) to make the bank happy.
This meant that as we both "own" the old flat (she transfer half of it to my name) we both had to register as Landlords for renting it out. However my partner receives all of the rental income after the letting agent has done there bit. All of the invoices for the letting agent etc literally everything is in her name.
SO, when it comes to do self assessment in April, do i just leave the rental income section blank as technically i receive nothing ? Does my partner do self assessment wholly on her own for the income or do we need to do some sort of joint assessment ?