Self assessment on a Holiday let

semi42

On the advice of an accountant, I split the earnings from the income from a Holiday let between myself and my wife. 

She works part time and her regular job brings in about 13k before tax , my income is around 35k before tax.
I may be changing jobs soon and the salary is just over 50k .
would it be beneficial , tax wise, to have the spouse as sole ownership of the Holiday let 

Jeremy535897

If you transfer the property into her sole name, she will be taxed on all the income, potentially saving 20% tax as you will be edging towards higher rate tax just on your earnings.

One downside is that when the property is sold, only one capital gains tax annual exemption will be available, but you could always change the ownership again in the future.