Tenants in Common or Joint Tenants for future tax planning?Make Text Bigger
As it stands Mr and Mrs Smith have no other income apart from rental income and hence would want to split rental income 50:50. However Mr Smith may take on salaried employment in the future and so will want to change the 50:50 split in the future to something that favours Mrs Smith eg 90:10.
Is purchasing as tenants in common in equal shares the most appropriate way to accommodate this?
Thanks in advance.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.