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Joint tenants or tenants in common?
brianfall
Posts: 28 Forumite
My partner and I own our house jointly. We are not married and I am wondering how my partner could avoid having to pay inheritance tax on the house if I died first. We paid about £350k for our house so it would be worth more than the Inheritance Tax Threshold of £325,000.
In our "Official copy of register of title", under “Proprietorship Register” there is a restriction listed that starts with “RESTRICTION: No disposition of the registered estate by the proprietor…”
From some very limited reading I think I’ve worked out that this means we are tenants in common.
Would my partner be less likely to have to pay inheritance tax on our house when I die if we got it changed so that we are joint tenants?
Many thanks!
In our "Official copy of register of title", under “Proprietorship Register” there is a restriction listed that starts with “RESTRICTION: No disposition of the registered estate by the proprietor…”
From some very limited reading I think I’ve worked out that this means we are tenants in common.
Would my partner be less likely to have to pay inheritance tax on our house when I die if we got it changed so that we are joint tenants?
Many thanks!
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