I've been reading up on this via previous threads, but would appreciate some advice.
I own a property in my sole name with a mortgage in my sole name.
I pay 40pc tax and the mrs (un married) pays 20pc. This would be 0pc if we have children.
I don't want to get married ever (don't ask, it's a personal thing!), but I would like to know if, despite the above, I can simply transfer 1pc to her and then she can get 100 pc of the rent.
I would of course set up a new bank account for her in her name for the rent and to pay expenses, but would the interest be allowable if the mortgage is purely in my name and coming out of my bank account??
I'm an accountant, but I hate personal tax!!
Thanks in advance