Form 17 to split income?
10:51 AM, 12th September 2017, 9 years ago
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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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