Property held jointly by married couples or civil partners: Form 17 rule: beneficial interests
ITA/S837 refers to ‘unequal beneficial interests’.
A form 17 declaration must correctly state the individuals’ beneficial interests in
- the jointly held property and
- the income arising from the property
A form 17 declaration can be made only if the individuals are beneficially entitled to the income in unequal shares. This could be 100/0 or 60/40 or anything other than 50/50.