renting property - how to save tax

Sandie11

Hi
I have been thinking of putting a deed of trust against our rented property showing I own1% and my husband 99% as I am a higher rate tax payer and my husband lower.
I need to know if this is really worth it as yes I would save tax however this may look suspicious to the inland revenue, especially as all the income would simply be put into one account.
After all expenses I reckon the profit would be £6000 then split 50/50 if we jointly owned it (we are just going through getting the property)

Any advice appreciated

Thanks

chrismac1

If the costs of doing this are less than the tax savings - and it looks like they are - then it makes sense to me. If you were my client I'd be making sure it was the right step, that you were confient about your husband's total financial position and that sort of thing.