Allow Landlords to evict tenants where there are 14 days rent arrears14:34 PM, 1st October 2020
About 4 weeks ago 99
I am a sole owner of a property (House) in England and on a higher tax band. I stayed in the property for 21 months and had to move out to different city (in Scotland) for job purposes. The house is currently on mortgage for another 23 years but have received consent to let last week. My wife currently doesn’t pay any tax as she is House maker.
I will advertise my property for lease from next week. Is there a way I could move my rental income which will be taxed 40% to her income to save on the tax purposes.
England has a tax slab of 20% up to £46000 while Scotland has up to £43000. Property being in England, will I get any benefit of £3000?
Also is there anything which I should consider at this point to avoid paying more in future like CGT etc etc.
Appreciate your help in advance.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More