Itchy Scratchy

Registered with Property118.com
Wednesday 8th July 2015


Latest Comments

Total Number of Property118 Comments: 6

Itchy Scratchy

21:55 PM, 10th April 2016
About 3 years ago

Can spouse claim mortgage interest as an expense

Hello all and thanks for all comments. I too spoke with Jenny from HR solicitors following advice on here and she advised my wife could not claim the mortgage expense. As the plan was for my wife to look after the BTL entirely and be liable for all costs (which would paid out of the rental income) we have now changed the DoT so I keep a higher %.
This way I can pay the mortgage interest from the % of rental income I will still keep. I'm still assuming I can claim 100% of this cost though as I'll be continuing to pay 100% myself. It's all very confusing really.
Cheers
Bill... Read More

Itchy Scratchy

17:01 PM, 5th April 2016
About 3 years ago

Beneficial Trust to wife now tax is going to bite?

Following up on this. If a property in the husbands name is 99% gifted to the wife using a DoT of Beneficial Interest can the wife claim the mortgage interest as an expense on her tax return. i.e. she actually pays this using the money made from the rent but the mortgage is still in husbands name?
Bill... Read More

Itchy Scratchy

23:09 PM, 9th July 2015
About 4 years ago

New owner of downstairs flat saying I can't let out property

Reply to the comment left by "Bob Sherwood" at "09/07/2015 - 17:20":

A friend had a very similar problem a few years ago with the term 'family' being on the covenant. His solicitor concluded that 'family' was such a loose term that the 3 sharers that were in the flat could be classed as such - problem solved.... Read More

Itchy Scratchy

12:10 PM, 8th July 2015
About 4 years ago

Itchy Scratchy

11:36 AM, 8th July 2015
About 4 years ago

Putting a property in my husbands name for tax relief?

Sorry one more q - If the OP put 99% beneficial interest in property in husbands name but was still 100% owner as far as legal title what would happen in the event of a divorce. Would husband now be eligible for 99% !
Thanks... Read More