James Collins
Joined: 12/17/2024
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RE: Property income BTL
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Property income BTL
Hi Admin, I own a rental property which is solely in my name in the title deeds and the mortgage of it. I am working full time and I am a higher rate tax payer. My wife, whom is a lower rate tax payer, takes care of the running of the property and deals with any issues with the tenants. I wish for my wife to receive rental income and pay tax on this. Is this possible by keeping the mortgage and property in my name? If so, how do I go about this? Form 17 does not apply to us as the property is solely owned in my name only. Thank you