Hanna-
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Joint tenants vs tenants in common - rental income devision
I have few questions, I own a property with my daughter as Joint tenants not tenants in common. After reading this forum and HMRC manuals I understand we can share the rental income by a ratio we decide, is this correct. If yes, do we have to have a written agreement and do I need to send the agreement to hmrc? As some have been advised on this forum highlighting we don’t need to have a written formal agreement as the property is registered as joint tenants with a non spouse ; so I would be grateful if you please clarify. Thank you.