Transfer rental income to wife for tax purposes

[bud123]

Me & my wife own a flat (bought as a jointly owned property but I pay the mortgage as my wife doesn't and has never worked) and we may have made about £2,000 after deducting mortgage interest portion and other expenses from the rents received in the tax year 2015/16.

I am on the 40% tax band and on permanent employment paying PAYE and my wife is a non-tax payer at the moment.
We don’t have any other incomes.
I have now opened a tax file for my wife & planning to complete this by the end of the month.

Can I show this income under my wife in her returns? And not consider this as my income at all (I haven't got a file open also)? I prefer to do this.
Please advise.
Thanks

[GlobalTaxAdviser]

Hi

In future, you can change the beneficial interest in the property so that your wife owns the majority share and pays the tax on most of the profit

Can a declaration of Trust drawn up and submit Form 17 to HMRC within 60 days.

Kind Regards

GTA