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  • 1,500+ Business Documents - Allocation of savings interest agreement
    Allocation of savings interest agreement If spouses or civil partners do not want a 50/50 split of savings interest, they can declare that income be split according to each person's beneficial entitlement as detailed in a written agreement.Beneficial ownership of bank account fundsAs a general rule, assets owned by spouses in joint names are treated by HMRC as shared equally by both partners, and any income produced will be taxed accordingly. But where actual ownership of an asset differs from 50/50, a married...
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  • 1,500+ Business Documents - Deed of trust for property
    Deed of trust for propertyIf property is owned jointly, HMRC tax any rental income on each of the joint owners equally. However, a deed of trust can be used to transfer some or all of the beneficial entitlement from one joint owner to the other so that they are taxed on their share of any income or gains derived form the property. This can be espically useful where you and your spouse or civil partner are joint owners.  Jointly owned propertyThere may be situations where it is preferable for you to own a property...
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