Cris05
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RE: Property in my name, can I split rental income with spouse
Hello, My husband owns a property in his name only and the mortgage is the same, in his name only. If he rents the property, could he transfer 100% the rental income to me, through a Declaration of Trust, while the ownership remains in his name ? If yes, who would be responsible for paying the taxes from the rental income ? And who pays the taxes should have all the deductible expenses in his/her name ? Thank you.