Holiday cottage income

12/01/2018 11:37:48

We have a small holiday cottage which is available for letting throughout the year. We normally have guests for 150-160 nights per year.
I was responsible for all aspects of the letting while my wife was working and declared all the income on my self-assessment return, but now she has retired we share the responsibility. Can we now split the income to reflect this shared responsibility?

Thanks in advance for your help!

Re:Holiday cottage income

12/01/2018 16:47:27

Yes, if you now have shared responsibility the income can be split accordingly between you.

Kind regards