9:32 AM, 13th December 2013, About 10 years ago 34
I own 6 BTL’s, all mortgaged, acquired over 12 years. They are all in my sole name. I employ local letting agents on a let only basis, managing the tenants myself.
I now struggle to manage them as well as I like due to time constraints /work commitments. My question is this; could I employ my wife to run them and pay her a salary / fee for this? She is unemployed after maternity leave and wishes to be a full time house wife but is willing to run and manage the 6 properties?
Net rental profits are around £6,000 per annum with me being a higher rate taxpayer.
Any advice welcome, thanks