Tax Advantages


Married property investors not only have the advantage of sharing the work involved in running a successful portfolio but also tax breaks. Properties held jointly allow the income to be equilised, which means that if either spouse has yet to use their personal tax allowance of £4,745** they can ‘receive’ the income from the properties tax free up to that threshold. If their partner is a higher rate taxpayer, they can continue to claim the income until it pushes them over this threshold too.

There are also Capital Gains Tax (CGT) advantages as when you sell the property as a married couple you can each claim ownership of half the property and use your £8,200** annual CGT free allowance.

Lee Grandin, Managing Director of Landlord Mortgages comments, “A staggering 90% of our most successful landlords are part of a property investment team – normally man and wife. This is a phenomenon, which has increased in recent years as more couples jointly manage their finances.

“Married property teams tend to be more successful than single investors as they are both able to devote a great deal of time to managing and improving their portfolio. They are able to motivate each other and have a common goal – often a comfortable retirement – to which they both aspire.”