anastasia70
Joined: 9/30/2024
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RE: Tax on rental income
Hello, I have a rental income from a property I own 100%. Can I gift all the rental income to my son who is a university student? Does this mean that the rental income will be taxed as his income or do I still need to pay tax before gifting it? Will he need to declare it in his self-assessment? We are both UK residents. Thank you.