paul ayres
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RE: Declaration of Trust/Deed of Trust/Deed of Assignment – which one for rental income?
Hello, I have a clarification to make in respect of creating a Declaration of Trust. I am the sole legal owner of a property and plan to rent the property in the future. I am married and plan to make a Declaration of Trust assigning 100 % beneficial interest to my wife. I understand my wife can then receive the rental income and complete this 100% rental income on her self assessment and even though I will still remain the legal owner of the property. Thank you.