Hi Bazermc,My understanding is that at the moment under single assessment we both pay tax at 20% on our first €32,000 and the balance at 40%, allowing us the first €64,000 at the lower rate. Under joint assessment, and with my wife taking a career break (and having no income), the 20% band is limited to €41,000. There is another €23,000 available to claimed if she had income, this is why I was looking to tranfer the rental income to her.As my salary is in excess of €41,000...I'll end up paying 40% on all the balance and on the rental income too. This is correct isn't it?? Thanks for the good news that if we do decide to go for joint ownership, there are no tax charges involved (though presumably some legal fees).Paper-folder