Husband and Wife Property Split

Husband and Wife Property Split

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Afternoon all - I have a H&W client who own a number of properties. The wife does not work and the husband earns around £30k through employment. It'll be beneficial for them to split two of their properties as H/W 10/90. My understanding is that, for HMRC to accept Form 17, the profit split needs to follow beneficial ownership. This would require changing from joint tenants to tenants in common. I want to advise them to seek legal advice on getting the split as per my illustration (Trust deeds etc). I should also point out the properties are residential and well under the stamp duty threshold. Could other members please give me any pointers they can think of? Apologies for the lack of paragraph structure, my browser prohibits it for some reason! - P

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By pedre
12th Sep 2015 13:32

Anyone?

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