tax implications or efficiencies from transferring to joint title?

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    tax implications or efficiencies from transferring to joint title?

    My girlfriend solely owns the house we have both lived in for 6 years, and she currently has a £115k mortgage on.

    We are buying a new house in joint names and my girlfriend wants to keep her current house as a long term investment and rent it out (ideally for 10 years or more if the renting works out). We plan to raise an additional £60k capital as deposit for the new house, from getting a buy to let mortgage of £175k on the property valued at £320k.

    Since we are both higher rate tax payers, the question is whether, from an personal tax allowance and capital gains tax perspective, it makes sense that we change the title of her current place to joint names and we raise a joint buy to let mortgage or just keep it in her own name and she has a buy to let mortgage in her name only.


    You should not transfer (a share of) this property between you until you have got married (lol) AND are still living there. Otherwise she will lose CGT relief.

    The more mortgage you can raise on that property, the more the interest is tax deductible.

    There may be other issues such as the amount the bank will let you borrow.


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