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[Music] welcome to prophecy 1-1 egg TV the channel dedicated to busting myths about landlord tax in this episode Im going to do something a little bit different Ive just received a message on facebook messenger from a lady called Julie it asked me a question and it was a wonderful open question so I thought Id share it with you before doing so obviously I got Julies permission and she said shes very happy for me to record a video to answer her question so Ill move straight on with that Julies question was my husband and I jointly owned two HMO own elect two HMOs to students HMOs are houses in Multiple Occupation by the way can we share our rental income in whatever proportion we wish oh hi Julie thanks for the question I hope youre watching this and I hope you find it useful the answer is that HMRC default position for jointly owned properties is that they will split your income 50/50 so if you make ten thousand pounds worth of profits and five thousand each will go on to your