Rental income

Jimmy Bond

Registered User
Messages
31
My wife and I have a house that we are considering renting, it is not our PPR.

As my wife has no other income can the rental income be assigned to her for income tax purposes?
 
My wife and I have a house that we are considering renting, it is not our PPR.

As my wife has no other income can the rental income be assigned to her for income tax purposes?

If house is in joint names rent is attributable to both parties. I assume you are looking at utilising her 20% band.
 
If house is in joint names rent is attributable to both parties. I assume you are looking at utilising her 20% band.

The advice I have received is that it's not who owns the property that determines who can claim the rental income as income, it's whos name is on the rental agreement/contract.
I have already done a tax return with a new tenant/contract and revenue have accepted this ie rental profit is taxed at 20% (my wife has no other income)