Summary This chapter discusses the principles and implications of joint tenancy and tenancy in common ownership for spouses and non-spouses in the UK tax system. If property is owned by two or more individuals then the legal title to the property can only be held as joint tenants. Beneficial ...
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A joint-owned property can be held as ajoint tenancy. Two or more people have equal rights and obligations to the property they own together in this legal arrangement until one partner passes away. The deceased owner's interest passes to the survivors without probate at this time. It's ofte...