How to change from sigle to joint ownership

You are here : Member Forums Tax Planning and Financial How to change from sigle to joint ownership
This topic has been locked as no posts have been made within the last 90 days.
L
Land Lady
21 Posts
1 Thanks

Hi, if a husband has bought a property with a residential mortgage in his own name, while being married, does the wife have any right over the ownership of the property?
He has permission to let from the Mortgage lender. He plans to rent the property. But in order to minimise tax liability from rental income, he would like to add his wife as a non-tax payer- so how to make it joint ownership? She will be responsible for finding tenants, admin work, and management of the let.
Can he add her name on the Deeds only so that she can have benefitial interest and how can this be done?
Does he need to add her on the mortgage as well? or that is not necessary?

This member has been thanked by 1 member for this post.
21/03/2018 15:26

Want to read more?

This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.

This topic has been locked as no posts have been made within the last 90 days.
Landlord & Investment Show
Remove a Tenant
Landlord Broadband
John Pye Auctions

Share this page