Hello all,
Sure this has been done to death but would be great to get some high level thoughts. I own a flat solely in my name from ca. 10 years ago. I used to live in it and now a rental property. I am a higher rate tax payer, my wife is currently on mat leave and will go back to work soon PT but should be well under the higher rate bracket as a result. So, what I want to know is what is the most cost effective way to push the rental income over to my wife. Currently she is not on the deeds, not on the mortgage, nothing at all. Would I need actually transfer it to her? If so any stamp duty issues, how would my CGT be handled etc etc. Many thanks!
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