Hi! Splitting income 50/50 can work for simplicity, but there might be smarter options depending on your situation. For example, assigning more income to the spouse in a lower tax bracket could reduce your overall tax burden. Consulting with a tax advisor is key to finding the best strategy. Also, consider working with an Airbnb Management in London They can handle day-to-day operations while providing insights into deductible expenses, helping you and your wife optimize your income structure and focus on growing your Airbnb business.
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Great point! Splitting income can be straightforward, but as you mentioned, a more strategic approach based on tax brackets might save you money. Partnering with an Airbnb management company in London is a smart idea. They can streamline operations, optimize tax deductions, and ultimately help you maximize your profits.