Spouse income up to e26,400 - 2008

[Delta]

2008 Tax return for husband and wife, including rental income, what can be done to max out extra spouse income up to e26,400 at 20%. Would for example, transfer of asset from joint ownership, to spouse need to be arranged by solicitor etc? Any pitfalls, any shortcuts?
Will appreciate any help on this

 

[markiem]

Hi All,

I have the same question. I have a rental property in my name. My wife does not work, so I am considering transfering the property into her name so we end up paying @ 20% and not 41% on rental income.

If we do this, do we have to transfer the mortgage into her name as well so that she can claim the interest relief, or can the interest relied be claimed regardless?

Any down falls to this approach?