14:01 PM, 9th November 2016, About 6 years ago 6
I currently own 1 property in my name (that I purchased before I got married) which we now let and we are buying a second property as a buy-to-let. I’m a higher earner than my wife.
Should I get a deed of trust drawn up on the first property so that we can declare rental income 50:50 and should I put the second property solely in my wife’s name (rather than joint ownership) to benefit from her lower tax rate?
If so, what are the implications of doing this – if we sell do we loose out on my CGT at a later date?