I recently bought out my ex wife from a flat we both owned. I have had to remortgage the property in my sole name to do so. I have now remarried and the flat is let as an assured tenancy and my intention is that my new wife should derive the full benefit of that income and not me.
I am somewhat confused as to if I need to use a Form 17 form at all as this only refers to property that is jointly owned in some way.
The legal title is in my name but the Tenancy is between my new wife and the tenants not me.
The income goes into my new wifes account not mine.
On that basis therefore should I draw up a declaration of beneficial interest and if I do do I need to tell the HMRC or anyone else. My accountant is not sure either, Help
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