Introducing wife into lettings business
Other

niainiai
niainiai
0 Thanks
15 Posts
11 years ago
0
My lettings properties are registered in my name only. My wife has now retired and we will both be living on lettings income. I would like to split the income 50/50 with my wife so that we can use her tax allowances against the profit. Do I need to add her name to the deeds at the Land Registry or is it sufficient to advise HMRC that from April 6th we are splitting the income between us?
Thank You.

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.