LJMER

Hi, I do have a declaration of trust already in place whereby 50% of the rental income was transferred to my husband. After reading posts on here, I was concerned that I needed to have transferred part-ownership of the property through Land registry in order for that to be valid. Can I assign 50% of the property expenses to my husband or do they remain solely with me as the property owner? Also, does settlement rules apply between spouses and property income transfer? As if I transfer the income to my husband but am still liable for the tax on the income, what is the benefit to transferring the income? Many thanks

Hello, I own a property, mortgage free, solely in my name. I currently rent the property out and submit a self-assessment. My husband is the lower rate tax-payer, I am higher rate. I would like to transfer 50% of the rent to him. I have read so much conflicting information on this, please can you clarify what I need to do. Many thanks