Rented property

Spouse has rental property in his name only. Revenue is paid into wife's account. House is then sold. Who is responsible for paying tax on the rental income and Capital Gains Tax?

Hi,

The person who is the legal owner and has beneficial interest in the property and the income that arises from this is responsible for reporting the rental income and paying any tax due. They are also responsible for reporting and paying any Capital Gains Tax that may be due once the property is sold.

As the you have stated the property is in your sole name that would be you. Revenue being paid into your wife's account would seem to be from choice, and, or for convenience and it is not relevant for tax purposes. You can see information here:

TSEM9005 - Ownership and income tax: Introduction

Thank you.