What is Joint Tenancy?
There are multiple options when choosing to buy property with someone else. Is Joint Tenancy the right choice for you?
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There are multiple options when choosing to buy property with someone else. Is Joint Tenancy the right choice for you?
In the case that a tenant dies in a Joint Tenancy, the property will automatically go to the other owners.
Yes, if the assets received from the deceased are over the threshold (£325,000) then the remaining tenant will have to pay inheritance tax on the amount inherited over this threshold.
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