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Transfer ownership of house to wife
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If only you were around years ago when I made a similar mistakeThere is no problem transferring the flat in to your wife's name so that she receives the income for tax purposes, but remember that once you do, the property is hers. I'm sure you trust your wife, but so did everyone else who did the same thing and then found that their wife decided to leave them. I'm sure it won't happen, but I personally wouldn't let the tax tail wag the dog and would keep everything owned 50:50.
Apologies if the above isn't relevant to you, but I just want to warn other people who are thinking of doing the same thing as I have seen it go wrong so many times when people divorce.
. Has cost me £187K which I never got back because I trusted the ex-husband 0
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