Can you explain to me how I can get this arranged and also elaborate on what you said about a form 17 please.
Also, if i transfer the rental income to her, can I also transfer the mortgage expense to her also. We would still like to offset the mortgage interest payments with the rental income.
So can I get a Declaration of trust assigning 100% interest to my wife.
Even though it is not a jointly owned property.
Form 17 seems to imply that the property needs to be jointly owned.
Also, there are 2 sections : "Beneficial Interest in Property" and "Beneficial Interest in Income arising". What whould i need to state in both of these?
In the deed of trust that I have drafted. There is 1 beneficiary : My wife....