Ann Q

Hi, If a residential property rented out is held under a Limited company (SPV), and the director of the company is non-uk resident. Does the director need to pay UK income tax if getting dividend from the SPV? Thanks.

Hi, Thanks for getting back. If the "declaration of trust' transfers 100% of my rental income to the family member, then he can claim 100% of the loan interest relief as well (loan solely under my name and for the sole purpose of purchasing the property)? Thanks

Hi, From my understanding I can sign a "declaration of trust' to share my rental income (property under my own name) with my family member (assuming 50-50), and we report our share of income respectively on our tax return. If the mortgage on this property is solely under my name, would the mortgage interest be "shared" 50-50 as well as interest credit, or will this be solely reported in my tax return? Thank you.