Transfering a buy to let from my husband to me

[lels99]

Good evening

Husband is a higher rate tax payer, I'm currently a stay at home mum. Is there any way he can transfer the property to me without major tax implications?

Thanks

[googlenut]

Yes see a financial advisor. Fairly straightforward to do and small charge (less than £200) to change the name in the deeds to yours.

[ClarasZoo]

Yes - you just need a Declaration of Trust - solicitor can do for under £200. Then you need to send this to the Revenue with a special form - Form 19 or 17 or something. worth doing - although depending on what the gross rent is - you may find you are pushed into higher rate band....

[lels99]

thanks, new there was a way, just couldn't remember what it was!

[Needmoresleep]

We tried to do this on both the advice of both our accountant and our solicitor, but HMRC have rejected it. They are saying we need to formally transfer ownership.