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Sam
Sam, Accountant
Category: Tax
Satisfied Customers: 13917
Experience:  26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
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Buy to let: beneficial owner on spouse purpose 100% where

Customer Question

buy to let: beneficial owner on spouse for rental purpose 100%
where as husband is title owner
what need to be done?
Submitted: 1 year ago.
Category: Tax
Customer: replied 1 year ago.
reference
http://www.directlineforbusiness.co.uk/blogs/who-pays-property-tax-on-a-buy-to-let-home
Customer: replied 1 year ago.
how to save tax on buy to let property?
Expert:  Sam replied 1 year ago.
Hi
The only way would be transfer the title into the name of the spouse whom you wish to be treated as the rent receiver
But if the spouse put up x% for the purchase then this can be taken into account to split the ownership position accordingly.
Other than that unless you can prove that the spouse had any further financial input into the property purchase in which case this could be indicated to HMRC via form 17 election
Link here for this form
https://www.gov.uk/government/publications/income-tax-declaration-of-beneficial-interests-in-joint-property-and-income-17
But both with the situation where either deposit pre buy to let or purchase within buy to let is of a different proportion - evidence must exist to back this up
Thanks
Sam
Customer: replied 1 year ago.
no financial contribution from spouse
Expert:  Sam replied 1 year ago.
Hi Then the best you can achieve is 50:50 ownership split due to the fact you are married, but the title deeds would need to be placed in both your names. Let me know if you require any further assistance Thanks Sam