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HMRC internal manual

Trusts, Settlements and Estates Manual

From
HM Revenue & Customs
Updated
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Property held jointly by married couples or civil partners: Form 17 rule - no limit on number of declarations

There is no limit on the number of declarations. Any number of declarations may be made to cover

  • new joint holdings
  • old joint holdings that have previously been dealt with on the standard 50/50 basis.

Couples may make numerous declarations in a year if they are constantly buying or selling investments in their joint names and holding them in unequal shares. In practice couples with a big turnover of assets may prefer to avoid joint holdings.

However, the declarations must reflect the actual position.