Part 14

Income tax liability: miscellaneous rules
Chapter 3

Jointly held property

Jointly held property
836
1
This section applies if income arises from property held in the names of individuals—
a
who are married to, or are civil partners of, each other, and
b
who live together.
2
The individuals are treated for income tax purposes as beneficially entitled to the income in equal shares.
3
But this treatment does not apply in relation to any income within any of the following exceptions.
- Exception AIncome to which neither of the individuals is beneficially entitled.
- Exception BIncome in relation to which a declaration by the individuals under section 837 has effect (unequal beneficial interests).
- Exception CIncome to which Part 9 of ITTOIA 2005 applies (partnerships).
...
- Exception E
Income consisting of a distribution arising from property consisting of—
  1. shares in or securities of a close company to which one of the individuals is beneficially entitled to the exclusion of the other, or
  2. such shares or securities to which the individuals are beneficially entitled in equal or unequal shares.
“Shares” and “securities” have the same meaning as in section 1117 of CTA 2010.
- Exception F
Income to which one of the individuals is beneficially entitled so far as it is treated as a result of any other provision of the Income Tax Acts as—
  1. the income of the other individual, or
  2. the income of a third party.
Words in s. 836(3) omitted (for the purposes of income tax in relation to the tax year 2025-26 and subsequent tax years) by virtue of Finance Act 2025 (c. 8), Sch. 5 paras. 3(7), 12(1) (with Sch. 5 paras. 15, 16, 18(4), 19)
Words in s. 836(3) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 553 (with Sch. 2)