Hello, We rent out two properties
A - owned 100% by husband & equity free. Husband is basic rate tax payer.
B - owned 100% by me & in neg-equity. I am zero rate tax payer.
The income from both would be under the current Personal Allowance limit.
Is it possible for property A income to be paid to me? If not, what is the best way around this.
We then rent home C to live in if this makes a difference.
Thank you
A - owned 100% by husband & equity free. Husband is basic rate tax payer.
B - owned 100% by me & in neg-equity. I am zero rate tax payer.
The income from both would be under the current Personal Allowance limit.
Is it possible for property A income to be paid to me? If not, what is the best way around this.
We then rent home C to live in if this makes a difference.
Thank you