D · Glossary
Declaration of Trust
Legal document declaring the beneficial ownership of an asset, typically property.
A Declaration of Trust sets out the beneficial ownership of an asset (typically property) where this differs from the legal owner. Often used to allocate rental income between spouses for tax efficiency, or to protect a contributor's share.
Combined with a Form 17 for HMRC, it can split rental income unequally to a tax-efficient spouse.
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