Can my husband make a monthly payment to me for property management?
We have a property in joint names that we let out. My husband is a higher rate tax payer and I am lower rate. I do all the administration for the property, I also do my husbands Tax Return for him each year.
I believe that it would be an allowable expense for my husband to make monthly payments to me for carrying out these tasks. Is it as simple as him transfering an agreed amount of money to my bank acount each month, or is it more complicated than this?
If anyone is able to advise on the correct procedure, we would be most grateful.