Joint Tenants vs Tenants in Common (split 50:50)Make Text Bigger
I own a BTL property (higher rate tax payer) but am in the process of transferring part of it to my wife (basic tax payer) for tax purposes
Is there any real difference between “Joint Tenants” vs “Tenancy in Common split in equal shares”?
I know the difference between Joint Tenants vs Tenants in Common but for tax purposes I cant see the difference between the two.
If I wanted to give my wife a higher % of the property then obviously it would be tenants in Common but as I’m not does it make any difference (from a tax perspective).
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