Tax Insider Tip: Transferring Rental Income - Beware The Settlements Trap
In the UK it is quite common for rental income to be transferred to a 'lower rate' spouse or partner and is a good tax planning strategy.
However, there is an anti-avoidance barrier to sharing income between spouses for tax purposes that few are aware of.
Alan Pink has written an article in which he looks at how the person who made the transfer can still end up paying tax on the income concerned.
It is a sample article from our monthly Property Tax Insider newsletter but you can read it right here:
>> Transferring Rental - Beware the Settlements Trap
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