Form 11 return, seperate form for my Wife?

[seanie72]

My wife and I have a few investment properties, over the past few years I have been submitting a Form 11 return and included details of my wife (PP number etc..) and rental returns all on the one form. At the time my wife was also a PAYE worker.

Recently we purchased a commercial property in both our names and we needed to get VAT reigistered for this. My wife has now got a request from the revenue to submit a Form 11 return (I presume because she is VAT registered). So a few questions;

Should we be submitting two different Form 11 returns?
If we do should we be reporting the same returns for the same properties on two different Forms 11's
Also recently my wife has given up work, can we somehow utilise her PAYE credit against against the rental returns

 

[papervalue]

My wife and I have a few investment properties, over the past few years I have been submitting a Form 11 return and included details of my wife (PP number etc..) and rental returns all on the one form. At the time my wife was also a PAYE worker.

Recently we purchased a commercial property in both our names and we needed to get VAT reigistered for this. My wife has now got a request from the revenue to submit a Form 11 return (I presume because she is VAT registered). So a few questions;

Should we be submitting two different Form 11 returns?
If we do should we be reporting the same returns for the same properties on two different Forms 11's
Also recently my wife has given up work, can we somehow utilise her PAYE credit against against the rental returns

one return will do for the two of you. no harm for her to ring phone number on return to put on file that she is included on husband tax return

cant use paye credit against rental income. she needs some paye income to use it

 

[Paddy199]

Contact Revenue (your local tax office, income tax section) and inform them that you and your wife are being jointly assessed, and that you are the assessable person for income tax purposes. You may need to fax this or put it in writing. You will need to do this in any case.

Question: Did ye form a partnership to buy the commercial property and register that partnership (with a seperate tax number) for VAT? Or was the property bought in joint names and you, as the assessable person, registered for VAT? It would not make sense for both of ye to have registered for VAT, but you do say your wife is registered for VAT? Maybe your wife is the assessable person?

In any case a TR1 form should have being completed - you just need to check what way you set it up.

If partnership, a partnerhsip return (Form 1) and Form 11 in the assessable person (you or wife) needs to be returned.

If not partnership, return Form 11 in the assessable person but ensure you split that jointly held commercial property evenly between ye.

Hope that helps.