Luke
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RE: First BTL House Purchase (Income Tax Transfer to Spouse)
Hi, Thanks it says page not found? -
First BTL House Purchase (Income Tax Transfer to Spouse)
Hi All, we have just had an offer accepted on our first BTL property, so now engaging with solicitors etc! I just wanted to understand the correct way of 'purchasing' the house and what I need to do in terms of transferring any BTL income majority to my wife who doesnt work. I'm in the 40% bracket, so ideally the majority of the income sits on her tax. Is it a case of setting up something now with the solicitors on the purchase, or a form I can complete once the purchase is complete? Any help appreciated. Thanks