Rental Income and Self-Assessment

[kfitzpat]

My wife and I are currently renting a second-home.
on which we have no mortgage.
The annual rental income (before deductions) should be around £4560 (ie.. £2280 each)

I read on www.direct.gov.uk that if you are an employee and on PAYE (we both are) and the rental income is less than £2,500 per annum, then we will not need to submit a self-assessment.
My question is simple:
Can we divide the £2,500 threshold between the two of us thereby reducing the income threshold to £1250 each, which would allow us to avoid any tax declaration?

Thanks
K.

[King_Maker]

Yes, you can pay the tax by reducing your PAYE Codings.

Both of you will need to request form P810 from HMRC.