Hello, my wife and myself are currently considering to buy a property for buy to let purposes.
Is it possible to have unequal split of ownership under tenants in common (say 90% ownership to her), whilst it is me that is making the monthly mortgage payments?
She is not working whilst I have a full-time job.
What are the tax implications based off the rental income in this case? Will the taxable income be considered split equally or unequally in this case (what ratio?)
Thanks.
Is it possible to have unequal split of ownership under tenants in common (say 90% ownership to her), whilst it is me that is making the monthly mortgage payments?
She is not working whilst I have a full-time job.
What are the tax implications based off the rental income in this case? Will the taxable income be considered split equally or unequally in this case (what ratio?)
Thanks.
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