Changing % of tenants in common

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Apg
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Hi, my wife and I are planning to buy a couple of btl houses (with mortgages) as tenants in common, so that we can hold unequal shares (99/1) to reduce the income tax liability since I'm a higher rate tax payer and she isn't.
So far so good - but planning ahead, when we eventually sell in 10 years+, we will want to use both our CGT allowances. So the plan will be to transfer some of my wife's share to me before any sale.
I can't see how to do this though; do we just update the declaration of trust and notify HMRC?
Since the original split is written on the land registry form when we buy the property, I would guess they want to be notified of the change of split, but I can't find any form or process that seems appropriate - so perhaps not?

If anyone has any experience of this, I'd be grateful for any insights please. ...

16/06/2015 20:44

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