Declaration of assignment

I own a property in my own name . I want my son , who does not have a share of the ownership , to be a landlord and rent out my flat. I want him to pay tax on the rental income not me . I do not want him to have ownership of part or all of the property . Can I do this via a declaration of assignment AND am I correct this this will not involve capital gains tax

Hi,
Thank you for your question. Reading your query, it would be possible to complete a valid declaration of trust to assign beneficial interests of all rental income to your son, however, please be advised that such a transfer of beneficial interests, wihtout changing legal ownership, would mean your son would also have the benefit of expenses incurred at the same percentage.
Thanks