This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

re: how is rental income taxed after 'gift' of property

chris1670
Posts: 1
Joined: Wed Sep 23, 2015 2:21 pm

re: how is rental income taxed after 'gift' of property

Postby chris1670 » Wed Sep 23, 2015 2:23 pm

If i transfer the title of a uk property to a family member..but still receive the rental income..how is that taxed? Is it the family member who must declare the income or the person who receives it?

section 44
Posts: 4468
Joined: Thu Oct 30, 2008 12:47 pm

Re: re: how is rental income taxed after 'gift' of property

Postby section 44 » Wed Sep 23, 2015 3:09 pm

Assuming that the family member isn't merely a nominee, the rental income would belong to him/her and taxed accordingly

King_Maker
Posts: 6538
Joined: Wed Aug 06, 2008 3:22 pm

Re: re: how is rental income taxed after 'gift' of property

Postby King_Maker » Thu Sep 24, 2015 9:33 am

Which family member?

What are you trying to achieve?


Return to “Property Taxation”

cron