Client are husband and wife who have purchased a new property and retained their previous property which they intend to rent. husband is a higher rate tax payer while wife is basic rate. There is a mortgage on the property and so they have been advised by the accountant to create a declaration of trust transferring the majority of the equity to the wife. Speaking with our property department they inform me that it is usual to do a 99%/1% split but not sure why. Is there any reason that the equity cannot be passed wholly to the wife and be held on trust by them both fully for her?