Tax return for BTL property

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  • Tax return for BTL property

    I am looking at how I can be more Tax efficient with my BTL property

    Currently it is in my name and I am a high rate tax payer, my wife is a low rate tax payer. Using a Declaration of Trust, I can make my wife a joint beneficiary, and can split the income from the property 50:50

    As the mortgage is in my name, do I need to split the mortgage interest 50:50 or can I declare that just on my return, therefore I generate less income on my share of the property?

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