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BTL mortgage free and income tax
Ducktard
Posts: 25 Forumite
If buying a property to rent out for cash how do I ensure that tax on rent received is based on my wife’s income rather than mine?
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Comments
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Get your wife to buy the property.
Or own it Tenants in Common with her owning 99% and you 1% and submit Form 17 to HMRC.2 -
Does anybody have any links to any relevant articles?0
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Exactly.anselld said:Get your wife to buy the property.
Or own it Tenants in Common with her owning 99% and you 1% and submit Form 17 to HMRC.
Of course relationships never go wrong.
Artful: Now on 3rd marriage....2 -
https://community.hmrc.gov.uk/forums/customerforums/ifp/8f8ebd08-1628-eb11-8441-00155d9c8ea0Ducktard said:Does anybody have any links to any relevant articles?
1 -
You can find articles answering a question. It won't consider the wider planning picture, other taxes like capital gains and IHT, legal position following relationship breakdown etc and your specific situation . Taking paid advice will if you engage on that basis.0
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Are you on your 3rd house as well?theartfullodger said:
Exactly.anselld said:Get your wife to buy the property.
Or own it Tenants in Common with her owning 99% and you 1% and submit Form 17 to HMRC.
Of course relationships never go wrong.
Artful: Now on 3rd marriage...."It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0
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