Transfer buy-2-let tax liability to wife?

booksurr

Once again HMRC "guidance" conflicts with itself

time for you to get the instructions on the form itself changed to reflect legislation since you work for them! When you do please use a spell checker before publishing the new ones and get someone who understands grammar to check it, if you use the word and in a list of conditions it means all criteria must be met for the condition to be fulfilled. The Form 17 instructions should state OR (not and) when referring to "ownership"

dori2o

booksurr wrote: »

Once again HMRC "guidance" conflicts with itself

time for you to get the instructions on the form itself changed to reflect legislation since you work for them! When you do please use a spell checker before publishing the new ones and get someone who understands grammar to check it, if you use the word and in a list of conditions it means all criteria must be met for the condition to be fulfilled. The Form 17 instructions should state OR (not and) when referring to "ownership"

If you're that bothered about it why don't you report it?

The form makes it clear in the 2nd paragraph.

If you live together with your spouse or civil partner, we normally treat income from property held in your joint names as if it belonged to you in equal shares and tax each of you on half of the income, regardless of actual ownership.
Please complete this form if you want to be taxed on your actual shares (known as `actual basis'). [U]You will also need to provide evidence that your beneficial interests in the property are unequal, for example a declaration or deed[/U]