Tax allowance
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triumph41
Posts: 14 Forumite
Hello.
My partner is not planning on working in the next tax year 2015/16 can I transfer my partners tax allowance for that year to me.
I also do a self assessment each year for a property that I rent out can I cease filling out the self assessment and transfer the income for my partner to declare via self assessment.
Thanks
Tony
My partner is not planning on working in the next tax year 2015/16 can I transfer my partners tax allowance for that year to me.
I also do a self assessment each year for a property that I rent out can I cease filling out the self assessment and transfer the income for my partner to declare via self assessment.
Thanks
Tony
0
Comments
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Google it, I think there are new rules coming in to do with this.
Its not the whole years allowance though, I think it may be around £1k tax allowance.make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
Is the partner a 'partner' or a 'spouse'?0
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Hi
Spouse0 -
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If the let property is in your name then no, you cannot transfer the income to your partner. You would need to transfer ownership of the property to him for that to happen.0
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Ownership of the property is still in my deceased mothers name.
Currently the tenancy agreement is in my name, I fill out a self assessment form every tax year. When the tenancy agreement is up for renewal can I change the name from mine to my wife and she then declares the income to the tax man instead of me.
Thanks0 -
Ownership of the property is still in my deceased mothers name.
Currently the tenancy agreement is in my name, I fill out a self assessment form every tax year. When the tenancy agreement is up for renewal can I change the name from mine to my wife and she then declares the income to the tax man instead of me.
Thanks
Who did she leave it to ?0 -
to me her son0
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