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Where Taxpayers and Advisers Meet

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

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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?
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section 44
Posts:4467
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
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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?
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