Councils using ‘Intelligence’ to track down low EPC properties and fine £5,00015:08 PM, 29th March 2021
About 2 weeks ago 36
My wife and myself jointly own a BTL which we let out. I am a higher rate tax payer but my wife is on the 20% rate. Ideally I would like to do a transfer of equity into her name to reduce our tax on rental income.
I have contacted the mortgage company and there is no charge to do this. However I am just thinking ahead to when we sell the property. As I would no longer be on the deeds I would surely loose my CTG relief.
I guess my question is “is it best/possible to leave a small % of the equity in my name or can I simply just do another transfer of equity back into my name when we come to sell?”
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