Gulzar Ahmad
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RE: Rental Income Tax
Hi I am high tax payer already. My wife is not working. We bought second property and living there via mortgage. Our first house is owned by me but it has 50% buy to let mortgage, which I am paying. Now my first question is, though my first property is owned by me but still under buy to let mortgage , can I put my wife name on it as shared ownership? If yes to first question, then I need to fill form 17 for. HRMC to give all rental income to my wife? If no to first question, how I can save tax on my first home rental income by transferring rental income to my wife ? Many thanks Kind regards