Joint assessment - joint rental income from property. How to assign income to wife?

F

flyingfolly

Registered User
Messages
172
Hi, we own a rental property. My wife is on a lower tax rate and I'm on the highest one. We both own the property together.

How do we assign the rental income to my wife so that its getting the lower tax rate band? We're jointly assessed, but I understand that she can't transfer her tax bands to me?
 
If you own the property together, then you rent the property together - unless you only rent out her part of it
 
He won’t be able to transfer the property to her if he has a mortgage.
 
No mortage, we own it outright. We own the property together (both our names on it). My wife my lose her job in a few years so will have a whole tax free band not being used so I wanted to ensure that she's using that tax band to get the rental income a zero/low tax rate. Is there any way to do this?
 
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