Lease my house as a gift to my wife


This query is : Resolved 

Quick Summary
You can lease your house to your wife as a gift, but the rental income will still be counted as yours for tax purposes. If you lease the property for a specific amount, you must declare this rental income. Gifting the house outright is a separate consideration with different tax implications.

08 January 2024 Can I lease my house as a gift to my wife, so she can show the rental income in her tax filing?

08 January 2024 Yes but the rental income will be clubbed in your hands

09 January 2024 Instead of gifting a house, if I lease it for a certain amount (X), do I need to show that rental income?

09 January 2024 You need to show the rental income in your hands.


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