11:05 AM, 30th August 2016, About 5 years ago 29
I will try to keep this as simple as possible!
I am the sole owner of 5 buy to let properties on mortgage.
I wish to remain the sole owner by way of land registry.
My wife has done majority of the leg work and finances towards the building of this portfolio – albeit in my name.
1. Can I set up a deed of trust which says she is 99% owner and therefore receives 99% rent. She does not work therefore we will make a tax saving. I work and pay 40% tax!
2. As I am sole legal owner – is it necessary to fill in form 17? From what I understand and after conducting hours of research- form 17 is for jointly held property only…?
3. If I am able to do the above (DOT without HMRC form 17). Do I simply STOP filling my self assessment with HMRC and START a new one in the wife’s name?
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