James Collins
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RE: Property income BTL
Hi, Thanks for the reply. I will complete a Deed of assignment and I believe I do not need to send HMRC a copy but keep for my records. Once a Deed of assignment is completed are me and my wife now classed as tenants in common? My wife is then liable for the tax from the date of when the Deed of Assignment is completed? -
Property income BTL
Hi Admin, I own a rental property which is solely in my name in the title deeds and the mortgage of it. I am working full time and I am a higher rate tax payer. My wife, whom is a lower rate tax payer, takes care of the running of the property and deals with any issues with the tenants. I wish for my wife to receive rental income and pay tax on this. Is this possible by keeping the mortgage and property in my name? If so, how do I go about this? Form 17 does not apply to us as the property is solely owned in my name only. Thank you