My wife and I moved in together after the wedding (her house) and rent out my flat.
We have a good, steady tentant who intends to be there for a few years.
Rental Income about £5,500 - taxable about £3,500
She is shortly going to finish working full time and will not use her full tax allowances so ideally (I think) we want to put the flat in her name and maybe the house in mine?
Both have small mortgages with about 2 years to go.
Is this the best way to optimise her tax allowances and what is the cheapest way to do it?
Many thanks for any help or guidance - Ian
We have a good, steady tentant who intends to be there for a few years.
Rental Income about £5,500 - taxable about £3,500
She is shortly going to finish working full time and will not use her full tax allowances so ideally (I think) we want to put the flat in her name and maybe the house in mine?
Both have small mortgages with about 2 years to go.
Is this the best way to optimise her tax allowances and what is the cheapest way to do it?
Many thanks for any help or guidance - Ian
Last edited: