Transferring rent to my wife

I own a property that I rent out, and would like to transfer all the rent to my wife, as she is not in the 40% tax bracket. Am I able to do so, and what forms would I have to file to gift her the money?

Hi Mramji90,
As sole owner of the property you have beneficial ownership of any income arising, TSEM9160 - Ownership and income tax: legal background: ownership - income follows property refers. You will need to make a declaration of trust to transfer all or part of the rental income to your wife, please refer to TSEM9520 - Ownership and income tax: express trusts - written declarationwhich explains how to do this.
Thank you.