Rav 4T

Hi

I was wondering if there would be any tax advantage in putting a Turkish property in a child's name?

My sketchy understanding of Tax laws is that:

0.01% is payable for the property itself (council tax equivalent?); and
rental income is taxed at 15% (for upto 7,800 YTL) less 2,300 personal allowance and less 25% for maintenace allowance


Now given I live in the UK I am assuming that inspite of the double taxation rules in place between Turkey and the UK, I understand (let me know if this wrong) that the taxman in England will want to tax the income less the amount paid in turkey.

Surely (if playing by the book) a way round this is putting the property in a childs name and maximising the personal allowance in the UK (i.e £5,225)?

I anticipate that the above will work better if the property is split into multiple joint ownership and each person takes advantage of their tax allowances?

Apologies if I have lost anyone above....

Cheers