Hi,

I know there are a few knowledgeable people on BTL on the forum so I looking for a sense check.

The aim is to lighten my tax burden by transferring the rental income for a property I own in my sole name to my wife. The property does have a mortgage on it (£220k), and my accountant has advised this should be done via a declaration of trust. For the privilege they are charging me c£2k plus they have said as the property has a mortgage outstanding there will be SDLT to pay! They have yet to confirm the amount, but with the SDLT plus the £2k they are charging it doesn't seem like a worthwhile exercise anymore. Anyone tried to do something similar or any accountants out there care to offer an alternate opinion?

Thanks