TSEM9848 - 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.