Ken Smith

Registered with Property118.com
Monday 16th February 2015


Latest Comments

Total Number of Property118 Comments: 5

Ken Smith

23:03 PM, 26th October 2015
About 4 years ago

Transfer of profits from property letting to wife?

Reply to the comment left by "Daniel Gregory" at "26/10/2015 - 17:57":

My wife is a non earner, therefore we are using her allowance against 99% of the net profits.... Read More

Ken Smith

17:18 PM, 26th October 2015
About 4 years ago

Transfer of profits from property letting to wife?

Reply to the comment left by "Daniel Gregory" at "26/10/2015 - 16:20":

Yes Daniel, it all worked out fine. The only addition I have to make is, if you are thinking of remortgaging, do it before you apply for the Deed of Trust, as the deed is seen as a "restriction" on the property by some companies.

Ken... Read More

Ken Smith

15:30 PM, 2nd April 2015
About 4 years ago

Ken Smith

15:05 PM, 2nd April 2015
About 4 years ago

Transfer of profits from property letting to wife?

Confused now, I seem to be back where I started with £140 plus vat for each house to put my wife's name on the mortgages, and 3 of the 5 are indeed leasehold!... Read More

Ken Smith

13:07 PM, 2nd April 2015
About 4 years ago

Transfer of profits from property letting to wife?

Thank you for your comments. As I understand it, as long as I gift the properties outright, and arrange for the rent to be paid into an account in my wife's name, then the full income will become her tax liability, and I do not need to inform the mortgage companies?... Read More