This is how HMRC treat properties in joint names
If you live together with your spouse or civil partner, we normally treat income from property held in your joint names as if it belonged to you in equal shares and tax each of you on half of the income, regardless of actual ownership.
If you wish for this share to be taxed in any other proportion than 50:50 the you should complete Form 17 (declaration of beneficial interest in joint property and income) and submit it to your local tax office.
Please complete this form if you want to be taxed on your actual shares (known as `actual basis'). You will also need to provide evidence that your beneficial interests in the property are unequal, for example a declaration or deed.
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I know about form17 but that doesn't answer my question. I was asking if the total transfer of the property to one spouse is legitimate and does away with the need for form 17
Thank you for your reply.Your wife could transfer her share of the property to you by gifting it to you. This is legitimate and the transfer would be reflected on the title deed. This transfer would be tax neutral for CGT purposes. This way you would have 100% ownership of the property.
Confirmation of this can be found here
https://www.gov.uk/capital-gains-tax/giftsI hope this is helpful.
So just to be clear if the property is transferred so that I own it 100% on the title deeds then I would declare all the income produced on my tax return only.