Lease my house as a gift to my wife

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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.

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(Querist)
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?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
08 January 2024 Yes but the rental income will be clubbed in your hands
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Suresh Ramakrishnan

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Suresh Ramakrishnan (Querist)
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?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 January 2024 You need to show the rental income in your hands.
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