Estate Agents In York

Sunday, October 18, 2020

Can we buy a property in unequal shares to rent out?

And if we can do that can we be taxed on the rental income on the basis of the ownership shares?

Q My wife and I are going to purchase a house to rent out and we have a couple of questions.

Can we purchase the property with a 90% share in my wife’s name and 10% in my name? If we can do that can we be taxed on the rental income on the basis of the ownership shares, so 90% of the income is taxed at my wife’s tax rate and 10% income taxed at my tax rate?
MC

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