Transfer of Rental Income

Hi there team, My Father is now in retirement age and I would like to transfer rental income from 1 buy to let to him. I am the sole owner of the property. What is required for this whilst maintaining ownership of the property. Would it be a deed of trust stating he would receive rental income and that he would then highlight this on his tax return. Document then signed by two witnesses? Many thanks!

Hi,
In order to transfer beneficial interest to your father whilst maintaining legal ownership, we  would advise you to complete a legal declaration deed/trust and have witnesses sign the document.
Thankyou.