Steve Lindsey

Registered with Property118.com
Wednesday 8th June 2016


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Total Number of Property118 Comments: 1

Steve Lindsey

13:08 PM, 7th January 2017, About 5 years ago

Help with passing property rental to my wife for tax purposes

Hi Terry,

I have read somewhere recently, may even have been HMRC website, the split 90/10 or whatever, should reflect reality of resources contributed, not just a whim of ours to decide how much Tax we want to pay.

Not sure how this would be enforced in reality and we have precedent of Tax Planning v Tax Avoidance on our side, but maybe worth looking into in your decision making

We have used solicitor for declaration of trust initially, and then used this as template to change split back again. HMRC Form 17 is very simple to complete.

Good luck
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