Get A Declaration Of Trust Filled In!
It is believed that this can be changed if the property is transferred to “tenants in common” ownership and there is evidence to support the claim for unequal beneficial ownerships, such as a declaration of trust.
We found that if this proof is submitted to HMRC on a form 17, it can be filed at any time so long as it aligns with the factual ownership position. We recommend that you follow the above guidelines to solve this problem.
A Little Bit Of Planning Avoids A Tax Headache Later!
Sharing Is Caring!
If you found this page useful, please care and do a share!