Transferring Property?

[wooster]

Hello
My first post, so be gentle with me!
My mother in Law died a few months ago. Her UK property was left to her daughter (my wife) and I - a 50-50 split.
We are joint executors and have been given probate etc.
We want to sell the property, but this might be difficult and a slow process. (Retirement flat, short lease etc.)
It cost £4k a year in maintenance charges so we'd like to rent the flat out - so it can earn it's keep.
Question: Do we have to transfer the property into our names before we can rent it out? (If we don't, how is tax paid on any profit?)

I'd be grateful for any thoughts or comments.

 

[Branz]

If the probate is complete and done properly the process should have you both end up on the title deeds.
I assume you are both resident in Ireland and subject to PAYE so the tax treatment is well described on the Revenue website revenue.ie if u search for foreign property in the top right.
If the rental profit is more than euro 3,174 per annum then you are a chargeable person, which is also described on the same site