Declaration of Trust

A Declaration of Trust lets joint property owners formally record beneficial ownership shares that differ from legal ownership, often used by couples or business partners to split rental income tax-efficiently. Morgan Reach advises on structuring and the tax implications, working alongside your solicitor on the legal document.

What Is a Declaration of Trust?

It is a legal document recording the beneficial (as opposed to legal) ownership split of a jointly-owned property. This allows income, and the tax due on it, to be allocated differently to legal ownership, provided HMRC’s Form 17 is also filed where relevant.

(+44) 0333 300 1887

Common Uses

– Married couples splitting rental income to use both tax allowances efficiently
– Business partners recording unequal ownership shares
– Family arrangements where contributions to a property differ
– Protecting an individual’s investment in a jointly-titled property

Our Declaration of Trust Service

– Reviewing your ownership structure and income tax position
– Calculating the most tax-efficient beneficial ownership split
– Coordinating with your solicitor on the trust document itself
– Filing Form 17 with HMRC where required
– Updating ongoing tax returns to reflect the new split

Getting the Tax Position Right

A Declaration of Trust only changes your tax position if it is properly executed and reported to HMRC. Get this wrong and you could still be taxed on the old split. We make sure every step is completed correctly. Our accountants in Birmingham handle the tax side end to end.

Get Started

Speak to Morgan Reach about whether a Declaration of Trust could reduce your property tax bill.

Call Today: 0333 300 1887

    
 
 
       Posted on Google  
   
   M K 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great accountancy, recommend highly. 10/10
  
 
      Posted on Google  
   
   Ahmer Siddiqui 
 
 
 
 Trustindex verifies that the original source of the review is Google. One of the most knowledgeable accountant I came across, Mr Sheikh is very honest that is a trait which most of them out their lacks. Secondly he made me feel very comfortable I was literally feeling like I am talking to my childhood friend.
Most of all he is very well aware of changes in law which can affect our business & will affect us incoming months. His prices are not on low end but all in all.
I would highly recommend Mr. Sheikh  for his professionalism and making things easy for clients.
  
 
      Posted on Google  
   
   Zoe Evans 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great company - would highly recommend!
  
 
      Posted on Google  
   
   Amaan Qasim 
 
 
 
 Trustindex verifies that the original source of the review is Google. Morgan Reach is an outstanding company who ensure their clients receive the best of service. They are very efficient and the employees are extremely helpful. It is an incredible company that is very reliable and I would highly recommend it.
  
 
      Posted on Google  
   
   Priya H 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great company to work with. I thoroughly enjoyed my time here doing work experience.
  
 
      Posted on Google  
   
   zubair ahmed 
 
 
 
 Trustindex verifies that the original source of the review is Google. Morgan Reach : A Vital Business Partner

I want to express my deep appreciation for Morgan Reach, a pivotal part of my company's success story. Their unwavering support and expertise have been instrumental.

Right from the start, Morgan Reach displayed an exceptional commitment to my company's financial well-being. They not only navigated me through complex financial intricacies but also ensured I comprehended every commercial agreement. Their patience and clarity were enlightening.

Their impeccable track record in timely and accurate account filings have allowed me to focus on growth, knowing my finances are in expert hands.

Moreover, their dedication to improving my company's creditworthiness paved the way for expansion, a testament to their meticulous financial management.

In summary, Morgan Reach is more than an accounting firm; they are true partners in my business journey. I wholeheartedly recommend them to any business owner seeking comprehensive financial support.

Thank you, Morgan Reach, for driving my company's financial success. Here's to many more years of collaboration and prosperity!
  
 
      Posted on Google  
   
   Mandeep Ubhi 
 
 
 
 Trustindex verifies that the original source of the review is Google. Fantastic advice and amazing insight into the company structure and tax planning.
  
 
      Posted on Google  
   
   Bill singh 
 
 
 
 Trustindex verifies that the original source of the review is Google. Can't speak highly enough of this outfit, they have looked after my company from the very start as if it were their own and have treated me as family member rather than just a client. No questions are deemed to big or small or even silly with Kamran and his team.... prompt responses always to any query. They're the first name on my lips whenever I'm asked to recommend an accountancy firm. It's a shame you're only allowed to give a five star rating because they're worthy of much more than that.
  
 
      Posted on Google  
   
   Howard Brown 
 
 
 
 Trustindex verifies that the original source of the review is Google. Morgan Reach are a very efficient and friendly accountancy practice who go above and beyond to ensure that your financial records are accurate and up to date and assist you in doing so while you're attending to other business matters. It's a comprehensive one-stop-shop that makes your business life much easier. Absolutely superb expertise and support.