Joint Property Income Split Pack

Who it's for

• Married couples and civil partners living together who both own a let property in England or Wales
• Couples who own, or plan to own, the property in unequal shares
• If the property is in Scotland or Northern Ireland, the deed and notice in this pack are not for you

What's included

• About this pack — The 50/50 rule, Form 17 and the April 2027 rate rise
• Is this pack right for you? — Who it is for, and when to take advice instead
• Before you start — Check your title, your lender and your figures
• The tax: a worked illustration — A 50/50 split against a 10/90 split, with the arithmetic shown
• The risks — Settlements rules, a genuine split, CGT, inheritance tax, SDLT and divorce
• How to fill it in — Steps, the key, and a worked example for a fictional couple
• Your declaration of trust — The deed setting your shares in the property and its income
• Notice of severance — For couples who own the property as joint tenants
• Signing and registering — Executing the deed and the severance, and the Land Registry steps
• Form 17 completion guide — What each part of the form asks and how to answer it
• Sending Form 17 — The 60-day tracker and a covering letter to HMRC
• Records checklist — Bank accounts, rent, expenses and documents to keep
• What happens next — Tax returns, changes, separation, death and sale

Key points covered

• Click-to-fill declaration of trust setting unequal shares in income and capital
• Notice of severance of a joint tenancy, with the Land Registry Form SEV steps
• Form 17 completion guide, 60-day deadline tracker and covering letter to HMRC
• Worked tax illustration at the 2027-28 property rates of 24%, 44% and 49%
• The risks in plain English: settlements rules, CGT, inheritance tax, SDLT and divorce
• Records checklist so the rent really follows your shares

Read the guide

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