Form 17 to split income?

by Readers Question

10:51 AM, 12th September 2017
About 4 years ago

Form 17 to split income?

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Form 17 to split income?

I have two properties in my sole name and I am a 40% tax payer. However, my wife has no income at all.

I am looking to enter her on the deed by transferring her 50% of the equity on these properties.

She will be hit with a tax bill of £3750 on £125,000, but we are ok with this.

Can I then use Form 17 to split the income 90/10 in her favor ?

Many thanks in advance.

Ridvan

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Revised Right to Rent requirments from 21st June