Surely I am not the only landlord worried about new EPC requirements?9:44 AM, 17th February 2021
About 2 weeks ago 125
I have 2 rental properties. One rental property is mortgage free and the other property has a mortgage. Both the rental properties are under my name. My wife has no income and hence doesn’t pay any tax.
I am considering transferring my mortgage free property to my wife and then getting a mortgage on this property and paying off the other mortgage and then transferring this property on to my wife’s name. My wife would have then have both the properties title deeds registered under her name.
Are there any alternatives to this strategy where I could potentially keep control but also to maximise the tax benefits as she is a non-tax payer?
What are the drawbacks to having a declaration of trust or beneficial trust as they seem to be quite confusing, as it is an unknown territory for me.
Any advice greatly appreciated.
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