Editrix
Joined: 9/30/2024
-
RE: Deed of Trust - Transferring Income to Spouse
Hi My husband owns two BTL properties 100%. Both have mortgages. 1. We want to use a Deed of Assignment to transfer 100% rental income in one to me. As I run it it and pay maintenance bills , and repairs from income, can I check I can deduct those allowable expense from my income from that property (once we have a Deed of Assignment in place) 2. As his name is on the mortgage can he claim mortgage interest relief for the two rental properties against the income of the one from which he would still receive 100% rental income?