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Where Taxpayers and Advisers Meet

Husband/Wife - Reducing income tax due on rent

Lambs
Posts:1611
Joined:Wed Aug 06, 2008 3:15 pm
Re: Husband/Wife - Reducing income tax due on rent

Postby Lambs » Fri Aug 09, 2013 2:03 pm

" It is suggested that any new declaration is completed once a decision has been made to dispose of an asset "

Really? Before there was GAAR, there was ...?

Thanks, or more colloquially, ...?

Lambs

mks1234
Posts:1
Joined:Mon Aug 19, 2013 8:12 pm

Re: Husband/Wife - Reducing income tax due on rent

Postby mks1234 » Mon Aug 19, 2013 8:27 pm

Would it be simpler to put the entire ownership of the property in the lower taxpayers name from the start or would this cause other problems? Assuming wills are up to date of course.


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