Can I employ my wife to manage my properties?

Can I employ my wife to manage my properties?

9:32 AM, 13th December 2013, About 10 years ago 34

Text Size

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? Can I employ my wife to manage my properties?

Net rental profits are around £6,000 per annum with me being a higher rate taxpayer.

Any advice welcome, thanks

Oliver


Share This Article


Comments

16:09 PM, 10th December 2015, About 8 years ago

...Or another way is to find a property manager who provides support to self-managed landlords. **MODERATED - SELF PROMOTION - SEE HOUSE RULES **

We have seen many instances where the landlord employs a family member, talk to any decent accountant, they can help maximise your tax position.

SAM UK

12:04 PM, 19th March 2018, About 6 years ago

Hi .

My wife owns a number of properties via her personal name and via ltd companies. i have (husband) been both employed by the company and as a employee (for properties in her own name) (paying NI and tax/registered with hmrc) during the last year managing the properties. I perform the same duties a letting agent charging 12% for full management would do.

Has anyone had any experience that my wife can use my wages as running cost for the company / expenses for the properties in her personal name. I am paid direct from the rental income stream

She works and has no time to manage the portfolio.

regards sam

SAM UK

12:06 PM, 19th March 2018, About 6 years ago

Reply to the comment left by Gary Nock at 13/12/2013 - 11:32
Hi .

My wife owns a number of properties via her personal name and via ltd companies. i have (husband) been both employed by the company and as a employee (for properties in her own name) (paying NI and tax/registered with hmrc) during the last year managing the properties. I perform the same duties a letting agent charging 12% for full management would do.

Has anyone had any experience that my wife can use my wages as running cost for the company / expenses for the properties in her personal name.

She works and has no time to manage the portfolio.

regards sam

Mark Alexander - Founder of Property118

12:14 PM, 19th March 2018, About 6 years ago

Reply to the comment left by SAM UK at 19/03/2018 - 12:06
Hi Sam

That doesn’t sound particularly efficient, there may well be a better way but it is difficult to say for sure without more details.

Please book a tax consultation via our main tax page. If we can’t save you money you are perfectly entitled to claim a full refund under our GUARANTEE of total satisfaction.

Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Tax Planning Book Now