Landlords Alliance – Emergency Euro Elections Statement21:09 PM, 21st May 2019
About 5 days ago 72
I own a property in sole name which is rented out with a mortgage again in my name. I am setting up a Declaration of Trust of beneficial ownership so my wife will own 99% and I will own 1% as she is not working and will be looking after the rental property (and one she owns in her own name).
My wife will be paying the mortgage on the property in my name from her bank account (the same account the rent will be paid into) but can she claim the Mortgage costs as an allowable expense on her tax return.
Please only respond if you are pretty certain of the answer as I’m confused enough already 🙂
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More