self assessment form 11 - help with Chargeable Assets

[markween]

hi
I am currently doing my income tax return online for 2017 using ROS. Its all filled out but I not quite sure what to do in one particular section - and googling has not brought me any closer to an answer either.

In 2017 my girlfirend and I (not married yet) bought a house (PPR for both) together where i contributed 75% of the price and my girlfriend contributed 25%.

Do we both have to declare this under chargeable assets in our self assements?

if so how do i have to decalre this in the chargeable assets section?

* Do i put the amount i paid (75%) under "Residential Premises" and put the number of assets at 1 - and my girlfriend does the same (only at 25%) on her form?

* do we put the full amount the house cost on both returns?

* one of us puts the full amount of the house and the other puts nothing?

thanks for any help,
markween

 

[Ciru75]

* Do i put the amount i paid (75%) under "Residential Premises" and put the number of assets at 1 - and my girlfriend does the same (only at 25%) on her form?

That seems the most reasonable way of doing it.

 

[markween]

hi ciru75,
yep thats what i thought - but is that what revenue expect me to do?

 

[Ciru75]

hi ciru75,
yep thats what i thought - but is that what revenue expect me to do?

That, I don't know!