Hi
Thank you for your question.
A Deed of Trust is a legal document.
If you transfer a 50% share of the property to your wife by a Deed of Trust then she becomes the legal owner of 50% of that property for all legal purposes , not just from a HMRC perspective.
For Income tax purposes , the share of the income is treated as being 50/50 .
Should the transfer percentage be other than 50% , then form 17 can be submitted to ask that the income from the property is split in the same way as the ownership of the property.
The 50/50 rule - asset first put into joint names confirms that the income from property is split 50/50 from the date it was put into joint names.