garthuk

Hi all, I jointly own a buy-to-let property with another person (not my wife), we both own 50% of the property. (Tenants in Common) We are both high rate tax payers, and would like to transfer 100% of the beneficial income (which I understand to be rental income) to my wife (who is a lower rate tax payer). While we both remain the legal owners of the properties. I have seen many discussions on here, but understand I would need a Declaration of Trust for this. Please could you help me determine if my understanding is correct?