Form 17, Declaration of Trust and 60 days?

by Readers Question

10:10 AM, 28th November 2018
About 2 weeks ago

Form 17, Declaration of Trust and 60 days?

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Form 17, Declaration of Trust and 60 days?

We recently purchased a property with a declaration of trust drawn up to split the ownership and therefore the profit 90/10 in my wife’s favour.

Question is, does the Form 17 need to be completed within 60 days of the Declaration of Trust being signed or the Form 17 itself. The wording on it is not clear to me.

Reason being, 60 days have lapsed if its from the date the Declaration of Trust was signed.

What can I do, or will happen now if that is the case?

Thanks,

Joe



Comments

Mark Smith (Barrister-At-Law)

13:42 PM, 28th November 2018
About 2 weeks ago

Form 17 needs to be sent to hmrc within 60 days of the execution of the DoT.

Joe Marshall

13:16 PM, 29th November 2018
About 2 weeks ago

Thank you for the reply. What are my options now then? Is it worth sending the From 17 regardless.

DC

15:31 PM, 29th November 2018
About 2 weeks ago

The Form 17 commences from the date that you sign the Form 17 if that helps.


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