My wife & I are renting out our home shortly, joint mortgage bought in 2006.
I'm in full time employment, where she is due to start maternity leave - and planning on not returning.
Is it possible to set herself as the landlady and receive the rental income - does this help us from a tax POV?
I'm in full time employment, where she is due to start maternity leave - and planning on not returning.
Is it possible to set herself as the landlady and receive the rental income - does this help us from a tax POV?