Tax benefit of selling investment property to my partner

[Dave Byrne]

Given the marginal tax rate I pay on the rental income on my investment property, I have thought of selling it to my partner (at the market rate). She is the homemaker with liquid assets but minimal income (i.e. Deposit interest). It seems a way of bringing the rental income into the household at a lower tax burden. Am l missing something? Should we get married (very likely) would this change anything? Thanks

 

[Joe_90]

It would trigger a CGT liability on you, or potentially a restricted CGT loss.

There would be stamp duty and legal costs.

There may be some restriction of interest relief definitely for spouses, perhaps not unmarried partners. It looks like there is no mortgage interest in your case so this may not be important.