properties under Joint names with Declaration of Trust (Form 17)

Question asked by Parmjit Rehal 4 months ago

I am a landlord.

With joint ownership of rental properties do I need to work out the split manually before I enter the rent and expenses on the system?

And the same for if Declaration of Trust has been applied to split the income and expenses between husband and wife sat 5% & 95%?

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Hi Parmjit,

Yes, you must have separate accounts with their respective calculations for the joint ownership of rental properties. This is covered in our comprehensive library of resources, please see: here

Tommy

Best answer
4 months ago

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