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  • Deed of Assignment

    Hi I own a second property that is solely in my name that am looking to rent out. I would like to transfer 100 % of the rental income from this property to my wife who is currently a homemaker with no income and will be managing this property and this will become her main source of income. She will register for self-assessment and pay any tax due on the rental income above her taxable allowance. I would like to ask: 1. Will a Deed of Assignment be sufficient to serve this purpose 2. As the Property is solely in my name do I still need to complete Form 17 and submit this to HMRC along with a copy of the Deed of Assignment? 3. Will there be any immediate tax that I will be liable to pay for transferring 100% beneficial interest to my spouse such as any Capital gains or Stamp duty. Kind Regards A.H