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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15 tips for making buy-to-let work Nottingham Estate Agents

Since the advent of the buy-to-let mortgage in the 1990s, many thousands of people have invested in a property to rent out. Some have gone on to acquire multiple units and become professional landlords. Others find themselves becoming ‘accidental landlords’ – as when a temporary job move takes place and the family home needs to […]

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Average asking price of new UK homes 'hits record high'

Surge in sales down to stamp duty holiday and ‘race for space’ as Rightmove predicts 7% rise in prices for 2020

The average asking price of homes coming on to the market in Britain has hit a record high, according to figures from the property website Rightmove, and for the first time estate agents are listing more homes as sold than they have for sale.

The website’s monthly snapshot of new listings showed sellers are asking for an average price of £323,530, an increase of 1.1% since last month, and 5.5%, or £16,818 more than this time last year.

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'Boomerang' trend of young adults living with parents is rising – study

Exclusive: researchers believe increase in single Britons not fully leaving home till their 30s is here to stay

The so-called “boomerang” phenomenon – young adults returning to their parents’ home until well into their 20s or early 30s – is now a permanent feature of UK society and likely to trigger a profound rethink of how many families live their lives, experts have said.

Research found nearly two-thirds of childless single adults aged 20-34 in the UK have either never left or have moved back into the family home because of a combination of a precarious job market and low wages, sky-high private sector rents and life shocks such as relationship breakups.

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Queen sends wrong message on masks | Brief letters

Clothes for gardening | The Queen | Consultants’ fees | Older readers | John Crace

This is what I wear to garden in: a T-shirt from the London Greenpeace “What’s Wrong with McDonald’s” campaign, acquired in about 1995; jeans from a charity shop and customised with cyanotype splashes; fleece from a Keswick outdoor shop in about 1993; old shoes – just everyday ones that are too worn out for other wear. I don’t buy a £380 cardigan to garden in (Hort couture, 17 October).
Jane Lewis
Edinburgh

• It’s a shame that the Queen did not wear a mask on her visit to Porton Down (Report, 15 October). In neglecting to do so, she failed to set an example to those who, in insisting on the “freedom” to refuse to wear a mask, are in fact claiming the licence to put others at risk.
Dr Lynda Mountford
St Albans, Hertfordshire

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Queen sends wrong message on masks | Brief letters

Clothes for gardening | The Queen | Consultants’ fees | Older readers | John Crace

This is what I wear to garden in: a T-shirt from the London Greenpeace “What’s Wrong with McDonald’s” campaign, acquired in about 1995; jeans from a charity shop and customised with cyanotype splashes; fleece from a Keswick outdoor shop in about 1993; old shoes – just everyday ones that are too worn out for other wear. I don’t buy a £380 cardigan to garden in (Hort couture, 17 October).
Jane Lewis
Edinburgh

• It’s a shame that the Queen did not wear a mask on her visit to Porton Down (Report, 15 October). In neglecting to do so, she failed to set an example to those who, in insisting on the “freedom” to refuse to wear a mask, are in fact claiming the licence to put others at risk.
Dr Lynda Mountford
St Albans, Hertfordshire

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Bohemian rhapsody: designer Alice Temperley’s whimsical Somerset home

Alice Temperley’s designs are filled with colour and romance – just like her historic house

Back in the spring, fashion designer Alice Temperley was scouring online marketplace Preloved for vintage fabric and ended up in the pet section. “Within an hour, I had driven five miles up the road and come home with a house rabbit. Florence is an amazing character, either very rampant or very cuddly. She lives under the piano in the sitting room, where we all hang out.”

“We” is Temperley and Fox, her 11-year-old son, any chickens who “just come into the house when they feel like it” and of course Florence. The four llamas live outside. “They’ve always got their heads just slightly over the garden wall.”

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