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delgirl
Guest
I recently learned that if my other half and I transfer our 2 rental properties into my sole name I can register for self-assessment and, as I have no other source of income, will be required to pay only 20% tax on rental income up to 19,000 Euro per annum.
The bank holding the mortgage on the 2nd property want to know why we want to transfer - should I tell them it's purely for tax purposes?
I don't think there's anything illegal or evasive in what we're planning to do as I look after both properties 100%.
Any advice appreciated.
The bank holding the mortgage on the 2nd property want to know why we want to transfer - should I tell them it's purely for tax purposes?
I don't think there's anything illegal or evasive in what we're planning to do as I look after both properties 100%.
Any advice appreciated.