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taxadvisor.uk, Chartered Certified Accountant
Category: Tax
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Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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ME and my partner had a joint income of 22000 I have 2 incomes

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ME and my partner had a joint income of 22000
I have 2 incomes £12500 and other income 5000 I'm £6900 over my personal allowance.
The other income is a rent from the first house we bought together and lived in for ten year. Can we transfer this income to my partner that has only an income of 3000 pounds and use it as part of her personal allowance so we can pay less tax.
Submitted: 2 years ago.
Category: Tax
Expert:  taxadvisor.uk replied 2 years ago.
Hello and welcome to the site. Thank you for your question.
You can split the rental income in any proportion you decide as the normal rule of 50:50 split of rental income applies to income arising from jointly owned property.
If you wish your partner to have 80% and you only 20% then this would work.
You could vary this split on a yearly basis to suit your needs.
I hope this is helpful and answers your question.
If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.
Expert:  taxadvisor.uk replied 2 years ago.
I wish to add an amendment to this line
"You can split the rental income in any proportion you decide as the normal rule of 50:50 split of rental income applies to income arising from jointly owned property ... (husband and wife or civil partners).
Many thanks
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