99:1 for income, 50:50 for CGT

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    99:1 for income, 50:50 for CGT

    I'm sure I read on here many moons ago that with the correct paperwork it's quite easy to setup a BTL so (for example) wife gets taxed on 99% of income to husband's 1%, but on any eventual sale, the gain gets split 50:50 so both get to use £10,100 annual exemption etc.

    Can't seem to find a thread that describes this situation now. Can someone please clarify what needs to be done for this to work, or point me to an existing thread if there is one still archived.

    Many thanks.



      Cheers...and just to confirm, there's no reason why you can't have a (say) 99:1 split for income, and send form 17 to HMRC reflecting that, whilst also having a 50:50 split for gains?


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