BTL Tax for shared property

[marctwo]

Myself and MrsTwo have a small BTL which is in joint names on the mortgage. However, she gets all the income and put up most of the deposit. How can we set it up so that all the income is hers for tax purposes?

[Eric Mc]

Forget about the mortgage.

In who's name is the property actually owned?

If it is jointly owned, then both of you need to return the rental income/profits/losses on your own individual self assessment tax returns.

If the property is just owned by one of the individuals, then that individual will be required to return the rental situation on a self assessment tax return.

[marctwo]

It was initially Joint tenants but we have changed it to being Tenants in common.

Is there any reason we can't say the ownership is 0% and 100%? Or even 1% and 99%?

[Eric Mc]

What is it really?