Thank you for your reply.I need a clarification on the '100% sure of title'. We have the deeds of the rented property, so would this be '100 % sure' Thanks
Thanks again. As I am dealing with a tax expert, I need to ask a further question on the shared property that we rent out. All the rent received, is paid in my wife's name ( she is the landlord), into a separate account. This was done because she was a non tax payer,and we knew that the yearly rent would be under her threshold so no tax was due.I have now been led to believe that she should have done a self assessment even though no tax was due. I wish to put this right asap. As I am the co owner (which I hope to change as mentioned in earlier) would I be liable for taxation ?
Sorry, but have been away from my e-mail for a while and didn't realise that you were waiting for assessment. I thought that I had done an excellent smiley face! I most certainly do not want you to go away unappreciated.Sorry for any misunderstanding