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Decisions, decisions! Ownership of investment property by spouses or civil partners

By Sarah Bradford, March 2021

Sarah Bradford explores some tax implications of owning property with your spouse or civil partners. 

When a couple are looking to invest in property, they will often own the investment property jointly. Where a buy-to-let property is owned jointly, the tax implications depend on the relationship between the parties. If the joint owners are married or in a civil partnership, there are special rules to be aware of.  

Unmarried couples 

Unmarried couples are not subject to the rules that apply to married couples and civil partners. This can provide more flexibility as to how rental profits from a buy-to-let are taxed. As a general rule, the income is allocated between the joint owners in accordance with their ownership shares. This may or may not provide the best result for tax purposes. 

If a different allocation would lead to a lower

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