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PIM1030 - Introduction: jointly owned property question

gallygirl · 2014-06-29 17:13:19

Sorry for length of this! Looking for advice please based on the above. The situation re our btl's is: Property 1 - owned by OH (not married) Property 2 - owned by me Property 3 - owned by OH Property 4 - jointly owned, no income as family member in place but eventually will be income generating Property 5 - being…

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booksurr Posts: 3,700 Forumite

30 June 2014 at 10:14PM

antrobus wrote: »

PIM1030 specifically states that you can have a "different division of profits and losses" so that "the share of the profits or losses will be different from the share in the property" i.e. the income shares do not have to follow the legal ownership split.

ooops
missed out the word NOT
for the avoidance of doubt: it does NOT have to mirror the legal ownership split.

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PIM1030 - Introduction: jointly owned property question

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