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RE: assign income from property to civil partner
Thank you. My understanding was that if one of the flats was bought after we were civil partnered then my partner was deemed to have an interest in the property and as such could take at lease 50% of the income? -
RE: Rental income transfer to wife
I am civil partnered. I have 2 rental property's which I let out. Both are in my name. There is no mortgage or letting agent. One was bought before I was civil partnered and one after. My partner is not working and has no income. She has no pension to speak of. I have a small one with the property's added will take me up a tax threshold. I wish to use both our tax allowances. I wish to keep ownership of the property's. Given all of this, can I transfer the rental to my partner and she will pay any expenses? -
assign income from property to civil partner
I have 2 property's which I let out. One bought before I was civil partnered and one bought after. Only my name is on both property deeds and wish that to remain the case. I would like to give the income from two of the property's to my civil partner who is not working. I wish to retain ownership of both property's. 1 can i give the income from 2 property's to my partner? 2 can any expenses for the property's be assigned to her income tax self assessment? 3 is the form i need to give to hmrc a deed of assignment? 4 where can i get the deed of assignment wording? 5 is there any other document i need to fill in? there seems to be much conflicting information on the various forum threads so i would really appreciate the definitive advice from you given my particular circumstances. thanks