House jointly owned - how do we fill form 11?

W

WestBrit

Guest
Hi,

My wife bought a house 6 years ago, before we got married. We bought a new house 2 years ago and moved, but kept the old house to rent out. On buying the new house, we re-mortgaged the old house, and my name was added to the deeds.

How should we be filing the return for this rental property when completing our joint form 11? Should the details (income / expenditure etc) go under 'Self', 'Spouse' or should we split all details and put half in each?? Or does it actually not matter?

Thanks,
WB
 
I would split income and expenses between you. If you are both earning, it doesn't matter, but there could be Prsi issue if one has a low, or no other, income.
 
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