Help with structuring second income - tax

[Zstar]

Hi All,

I will be moving back to the UK in December and have secured a new job - I will be a higher rate tax payer.

I currently have a UK Furnished Holiday Let (FHL) which I pay 20% tax on the net profits as a non-resident tax payer.

As I will becoming a resident for tax purposes again, I would assume that this income will be assessed under the higher rate and will become taxable at 40% plus.

I am married, but my wife is not on the Deeds of the FHL as the mortgage company would not lend to a non-UK citizen (she is not a UK citizen). Instead, we set up a Deed of Trust to reflect her interest in the property.

My wife will not be PAYE in the UK for the first 2/3 years. She does have a small business in Asia that she wants to keep running in the UK, as well as caring for our young son.

Questions:
1. Can I put the FHL rental income against my wife's tax return if she is not on the Deeds (but is on a DoT)
2. If 1 is not possible (or even if it is), could we set up a company to manage her existing business, and also receive income from the FHL, with my wife drawing salary/dividends and paying income tax on the money she takes out of the business.
3. Is there a better way to manage our overall tax liability!

Thanks in advance!