National Residential Landlords Association
Home My Account My Portfolio
Join Us Log In

Switching beneficial ownership
Tax Planning and Financial

A new landlord
A new landlord
0 Thanks
3 Posts
11 years ago
0
I own a buy-to-let property jointly with my wife, and we currently share the rent equally for tax purposes. But I am a higher-rate tax payer, while she has an unused tax-free allowance. Would it be therefore be sensible and relatively easy to switch the beneficial ownership solely to her? If I did so, would I typically need to get permission from my mortgage provider? And is it at all likely that they would give permission?

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.

Join Today

Have you forgotten your password?