Interest in possession trust -rental income

Can an interest in possession trust be used to transfer the rental income to lower earning spouse

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Hi all

A husband owns a property under his name and has just paid off his mortgage. 

he is a 40% taxpayer and wife is basic rate. 

can an interest in possession trust be used to change the legal ownership of the property to the wife's name so that she receives the majority of the rental income? 

Presumably one need a valid reason to apply for the trust other than to save tax

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By Tax Dragon
21st Nov 2017 12:57

Read ITTOIA Ss624 and 625.

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