Hi.
My wife and I have a 50% share in two properties that we let out. I am a higher rate tax payer (40%).
In order to reduce my tax bill can I (via a solicitor) include two of my children to the property ownership, so that all four of us would own a quarter of the properties. They are both over 18 years and both in full time education.
Hence, I would be liable for 25% of the property income.
The other three do not work and would pay nothing due to the £11500 allowance.
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