Landlord_enquiries
Joined: 10/12/2024
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RE: Deed of Trust - Transferring Income to Spouse
Hello, I have a similar but slightly different situation to the one mentioned by Editrix above. I am sole owner of 2 BTL properties, each of which have a BTL mortgage. I am told that I can transfer the entitlement to 100% of the rental income for both properties to my spouse via a Declaration of Trust, and that thereafter, I would not include this income on my tax return and my spouse would include 100% of this income less the allowable related expenses. Can you confirm that this is permissible. Thanks,