The Book-keepers Forum (BKF)

Post Info TOPIC: Landlord wants to bring in Partner.. Trust


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Posts: 3
Landlord wants to bring in Partner.. Trust

Hi Guys

Landlord sole trader earning @40k no finance whatsoever

Refurbing new property income to inc to 80-100k

Wants to keep paying basic rate tax and wants to partner with girlfriend who will genuinely be active 5 days pw

Whats the best way they can split income 50/50 and keep income basic rate ie 50k each

Thanks biggrin


Master Book-keeper

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Posts: 3870

I would suggest engaging a tax advisor/accountant with knowledge of the circumstances. A lot of money at stake to be getting it wrong.



Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.


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Posts: 18

You mention partner and trust in the same sentence. Conflating issues. But also expecting a bit much from a bookkeepers forum. You need a tax advisor as Leger states. If you are a bookkeeper, you should point your client towards a tax advisor and Accountant who have the necessary skills to deal with this. As this question came rapidly on the back of asking about Portia, I would also suggest you take any prior comments on this subject on Aweb with a pinch of salt, given the rapidly changed tax world in that sector since she was last able to post without Sift having a wobblehead session about her use of language without appreciating her brilliance.

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