Transferring ownership of a jointly owned investment property into a sole name

Hi, I own an investment property as joint tenants with my wife. She is shortly to retire and we wish her to have the benefit of all the rental income. I understand that as we are joint tenants Form 17 is not appropriate . I’m therefore intending to create a deed of gift of my half and complete a form TP1 to go to the Land Registry. Should we send a copy of the TP1 to HMRC as confirmation of this change as well please ? If so should this be done on its execution or attached to my or hers next tax return ?

Hi Richard Davis,
Please refer to:
TSEM9210 - Ownership and income tax: legal background: joint ownership - joint tenants
For more information about joint tenants.
As it is your choice how the rental income is split it is up to you whether you want to make a written agreement for this to be signed by yourself and wife.
You may choose to do so should any issues arise in the future.