Angela Holway
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RE: Income from rental property
Hi again My solicitor is proposing a deed of assignmen rather than a new deed of trust. Please can you confirm if this is acceptable and will override the current deed of trust? Thank you -
Income from rental property
I have 5 rental properties which I own with my husband (we are both on the title deeds and mortgages). About 10 years ago my husband was a high rate tax payer and I was a low rate tax payer so we had a deed of trust put on the properties to transfer the beneficial interest of the properties to me for tax purposes. Now we are retired we would like to revert the properties back so that there is an equal split of the beneficial interest between myself and my husband. Upon looking at the title deeds on the Land Registry website, the deed of trust for the properties is not recorded on there and as previously stated, we both are named on the title deeds and the mortgages. Please can you advise me what I need to do to get back to sharing the income equally. Thank you