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Joint tenant question

5 replies

SallyVating · 18/06/2019 23:28

If you're a joint tenant on a property (I think that's the correct title, the one where if one party dies then their half automatically transfers to the other) and they changed the beneficiary, would that show up anywhere?

OP posts:
HeronLanyon · 18/06/2019 23:35

If someone no longer wanted someone to be a joint tenant (Where you inherit their half on death having owned the other half already) surely the land registry entry would have to be amended plus there would I think be tax/capital gains implications for the person taking back the half ?

Tenants in common keep their share intact and can pass the share in a will etc but not joint tenants.

Enterthewolves · 18/06/2019 23:38

To change from a joint tenancy (where the one joint tenant owns the whole property on the death of the other joint tenant) to tenants in common (where each party owns a share of the property as an individual and it remains their estate property on death) takes a legal arrangement and the other joint tenant would know about it.

SallyVating · 18/06/2019 23:45

Thanks all. I'll explain properly in the morning and hopefully explain more clearly. I've only got my phone to post from atm and I'm a bit crap at that. It's been a bit of a weird day.

OP posts:
HeronLanyon · 18/06/2019 23:48

Even if this is not the situation it describes it well and I think answers your question more fully.

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