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Where Taxpayers and Advisers Meet

Rental income 6k, property portfolio and spouse and children

JanStimpson
Posts:2
Joined:Wed Aug 06, 2008 3:35 pm
Rental income 6k, property portfolio and spouse and children

Postby JanStimpson » Wed Dec 02, 2020 10:10 am

Hello folks,

I have a portfolio of properties with monthly rental income of around 6k.
Most properties are jointly owned with my wife. I am not working and have no other income. My spouse is working earning around 30k. We have 3 children, two teenagers and one adult.

I need some advice about tax efficient way to share the income and also pass on properties to the children.

Any advice would be much appreciated.

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