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Posted 10 days ago by Annette White
After transferring (by way of title deed) the legal ownership of a commercial premises from a joint ownership between spouses to a sole ownership of just the husband by way of gift in the absence of a mortgage and no stamp duty is due, is there a requirement to inform HMRC for the rental income to be accounted in the husband's SA?
Posted about 17 hours ago by HMRC Admin 25 Response
Hi Annette White,
Yes, you need to send in form17 along with evidence to show this.
Until you have agreement from HMRC, the rental must still be declared 50/50 
Please see guidance here: 
Declare beneficial interests in joint property and income
Thank you. 
Posted about 17 hours ago by Clive Smaldon
Not HMRC...totally incorrect. The legal ownership has gone from joint to sole on the title deeds, the wife has NO legal ownership and NO right to the income, the income will be reported by the husband, in accordance with ownership as the sole owner. No form 17 is needed, no notification to HMRC is needed, the husband simply reports all income from the change on his SA.
Posted about 14 hours ago by Annette White
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