Apportioning rental income

My client owns a rental property 100%. He is a 40% tax rate payer, He has asked about a Declaration of Trust apportioning 50% of the rental income to his wife. Obviously, he will then pay 40% on only half the profit. His wife will register for SA to account for tax on the other 50%. Is this in order as there will be no change in the title deeds, ie the property will still be 100% his?

Hi,
Most types of trusts giving an interest in property to somebody who is not the legal owner now need to be registered with HMRC via the Trust Registration Service.
You can find guidance on the registration requirements and how to register here:-
 Register a trust as a trustee.
There’s also more information about what type of trusts need to be registered at:-
 TRSM23050 - Types of trust that need to be registered: contents: excluded express trusts: contents: property ownership
Thank you.