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Jointly held property is not transferring to the other partner.

Article ID
ias-12585
Article Name
Jointly held property is not transferring to the other partner.
Created Date
3rd October 2017
Product
IRIS Personal Tax
Problem
Property income is not appearing on one of the partners returns
Resolution
To resolve this problem you will need to complete the following steps; Please start within the client where the rental income information appears correctly. 1. Go to UK Land and Property and then UK Property Income. Double click on the first relevant property 2. Untick the “Property let jointly?” tick box 3. Click the Joint Income magnifying glass. Delete all other sharers and click OK (you do not need to change the percentage share for the one remaining sharer, the person you have selected in Personal Tax) 4. Click OK twice more until you are back on the Personal Tax screen with no popups 5. Double click on the same property 6. Tick the “Property let jointly?” tick box 7. Click the Joint Income magnifying glass. Add all other sharers and enter the relevant percentage shares before clicking OK multiple times until you are back on the Personal Tax screen with no popups The relevant information for the property should now show for all sharers after following the above steps for each property.

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